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AL HB504
Bill
Status
6/1/2023
Primary Sponsor
Van Smith
Click for details
AI Summary
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Authorizes Chilton County Commission to continue levying a special ad valorem tax for trade school and rural industrial development at a rate of 3 mills per dollar of assessed value ($.30 per $100) until December 31, 2044.
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Current tax, originally approved in a November 10, 2004 election, was set to expire December 31, 2024 and is being extended for an additional 20 years.
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County commission may continue the tax only after adopting a resolution following a public hearing, pursuant to Section 217 of the Alabama Constitution of 2022.
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Tax continuation requires approval by a majority of qualified county electors voting at the next general, primary, constitutional, or special election held for that purpose.
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Act becomes effective immediately upon passage and governor approval or upon otherwise becoming law.
Legislative Description
To authorize the Chilton County Commission, pursuant to Section 217 of the Constitution of Alabama of 2022, to continue at the rate at which there is levied and collected by the county, on all taxable property situated in the county, the ad valorem tax for a trade school and rural and industrial development in the county now levied at the rate of 3 mills on each dollar of assessed value, at a maximum rate, for any tax year of the county, which is equal to $.30 on each one hundred dollars (3 mills on each dollar) of assessed value, until December 31, 2044.
Last Action
Enacted
6/1/2023