Currently, the state levies a 6.5 mill annual ad valorem tax on the assessed value of taxable property in the state
This bill would propose a constitutional amendment to levy an additional one-half mill annual state ad valorem tax. The first 20 percent of the net proceeds of the additional levy would be distributed evenly between the Alabama Firefighters' Annuity and Benefit Fund and the Alabama Peace Officers' Annuity and Benefit Fund, with remaining proceeds distributed to the State General Fund
To propose an amendment to the Constitution of Alabama of 1901, as amended, to levy an additional one-half mill of state ad valorem tax; and to provide that the first 20 percent of the net proceeds shall be distributed equally between the Alabama Firefighters' Annuity and Benefit Fund and the Alabama Peace Officers' Annuity and Benefit Fund, and to provide that the remaining proceeds be distributed to the State General Fund.
|May 9, 2012||Indefinitely Postponed|
|February 23, 2012||Read for the second time and placed on the calendar|
|February 9, 2012||Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund|
|Bill Text||HB275 Alabama 2012 Session - Introduced|