HB 246

To authorize the governing body of the City of Leeds, pursuant to Amendment No. 373 to the Constitution of Alabama of 1901, now appearing as Section 217 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, to increase the rate at which there is levied and collected by the city on all taxable property situated within the city the ad valorem tax authorized in Section 216 of the Constitution, to a maximum rate for any tax year of the city, which is equal to $1.82 on each one hundred dollars (18.2 mills on each dollar) of assessed value.

Section 1

The following words shall have the following meanings: (1) AMENDMENT NO. 373. The amendment to the Constitution that was proposed by Act 6, H. 170, 1978 Second Special Session, now appearing as Section 217 of the Official Recompilation of the Constitution of Alabama of 1901, as amended. (2) CITY TAX. The ad valorem tax authorized in Section 216 of the Constitution of Alabama of 1901, and levied and collected on taxable property in the City of Leeds, originally levied at the rate of 5 mills on each dollar of assessed value and, pursuant to proceedings taken under Amendment No. 325 and Amendment No. 373 of the Constitution of Alabama of 1901, presently levied at the rate of 9.2 mills on each dollar of assessed value.

Section 2

The City of Leeds presently levies and collects the city tax at a rate of ninety-two cents ($.92) on each one hundred dollars (9.2 mills on each dollar) of assessed value. Pursuant to a resolution adopted by the City Council of the City of Leeds in accordance with Amendment No. 373, the City of Leeds proposes to increase by 9 mills the rate at which it may levy and collect the city tax to a maximum rate, for any tax year, which is equal to one dollar eighty-two cents ($1.82) on each one hundred dollars (18.2 mills on each dollar) of assessed value.

Section 3

Pursuant to subsection (f) of Amendment No. 373, the City Council of the City of Leeds may increase the rate at which the City of Leeds levies and collects the city tax to a maximum rate for any tax year which is equal to one dollar eighty-two cents ($1.82) on each one hundred dollars (18.2 mills on each dollar) of assessed value, the increase of 9 mills on each dollar of assessed value to be used as follows: The net proceeds related to 3.3 mills shall be used for general municipal purposes and the net proceeds related to 5.7 mills shall be paid to the Leeds City Board of Education and used for public school purposes.

Section 4

The increase in the rate at which the city tax may be levied and collected pursuant to this act is subject to the approval of a majority of the qualified electors residing in the City of Leeds who vote on the proposed increase at a special election called and held for that purpose pursuant to subsection (f) of Amendment No. 373.

Section 5

This act shall become effective immediately following its passage and approval by the Governor, or its otherwise becoming law.