Under existing law, the state levies an ad valorem tax of 6.5 mills on each dollar of taxable assessed value of property
This bill would propose an amendment to the Constitution of Alabama of 1901, to authorize an additional levy of ad valorem tax of up to 8.5 mills. The proceeds of the additional tax would be dedicated to K-12 public schools
To propose an amendment to the Constitution of Alabama of 1901, to authorize an additional levy of state ad valorem tax of up to 8.5 mills, and to provide that the proceeds from the tax will be dedicated for K-12 public schools.
|March 12, 2015||S||Read for the first time and referred to the Senate committee on Finance and Taxation Education|
|Hearing||March 18, 2015||Room 727 at 09:30||Senate F&TE Hearing|
|Bill Text||SB227 Alabama 2015 Session - Introduced|