HB275 Alabama 2012 Session

Summary

Primary Sponsor

Richard J. Laird

Independent

Session

Regular Session 2012

Title

State ad valorem tax, additional one-half mill, proceeds distributed evenly between Alabama Firefighters' Annuity and Benefit Fund and Alabama Peace Officers' Annuity and Benefit Fund, const. amend.

Summary

A constitutional amendment to add a half-mill state ad valorem tax on property after 2012, with 20% of net proceeds split evenly between two annuity funds and the rest to the General Fund, pending voter approval.

What This Bill Does

If passed, the state would levy an additional 0.5 mill tax on the assessed value of taxable property starting after December 31, 2012. Of the net proceeds, the first 20% would be distributed evenly between the Alabama Firefighters' Annuity and Benefit Fund and the Alabama Peace Officers' Annuity and Benefit Fund (each receiving 10%). The remaining net proceeds would go to the State General Fund. An election would be held, and the amendment would take effect only if approved by a majority of qualified voters.

Who It Affects

• Property taxpayers in Alabama would pay the additional half-mill state ad valorem tax on the assessed value of taxable property.
• The Alabama Firefighters' Annuity and Benefit Fund and the Alabama Peace Officers' Annuity and Benefit Fund would each receive a portion of the net proceeds (10% each), and the State General Fund would receive the remainder.

Key Provisions

• Adds an additional state ad valorem tax of 0.5 mill per year on the value of taxable property, to take effect after December 31, 2012.
• The first 20% of net proceeds from the tax would be distributed evenly between the Alabama Firefighters' Annuity and Benefit Fund and the Alabama Peace Officers' Annuity and Benefit Fund.
• The remaining net proceeds would be distributed to the State General Fund.
• The amendment requires approval by a majority of qualified electors in a statewide election to take effect.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Constitutional Amendments