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AL SB63
Bill
AI Summary
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Authorizes the City of Vestavia Hills to increase the special ad valorem tax for public school purposes from the current rate of $2.56 per $100 of assessed value (25.6 mills) to a maximum of $3.54 per $100 (35.4 mills), representing a 9.8 mill increase.
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Any tax rate increase is subject to approval by a majority of qualified electors in the City voting at a special election held for that purpose, as required by Amendment No. 373 to the Alabama Constitution.
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The City Council may increase the tax rate following a public hearing and resolution adoption, but implementation requires voter approval via special election.
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The act becomes effective immediately upon passage and approval by the Governor or upon becoming law otherwise.
Legislative Description
To authorize the governing body of the City of Vestavia Hills, Alabama, pursuant to Amendment No. 373 to the Constitution of Alabama of 1901, now appearing as Section 217 of the Constitution of Alabama of 2022, to increase the rate at which there is levied and collected by the city, on all taxable property situated within the city, the special ad valorem tax for public school purposes authorized in Amendment No. 56 to the Constitution of Alabama of 1901, now appearing as Section 216.04 of the Constitution of Alabama of 2022, to a maximum rate, for any tax year of the city, which is equal to $3.54 on each one hundred dollars ($100) (35.4 mills on each dollar) of assessed value.
Vestavia Hills, ad valorem tax, additional tax for public school purposes, referendum
Last Action
Enacted
4/6/2023