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 five (5) mill annual state ad valorem tax. The net proceeds of the additional levy would be distributed to the State General Fund for Medicaid purposes
To propose an amendment to the Constitution of Alabama of 1901, as amended, to levy an additional five (5) mill of state ad valorem tax; and to provide that the net proceeds shall be distributed to the State General Fund for Medicaid purposes.
|March 1, 2018||S||Read for the first time and referred to the Senate committee on Finance and Taxation General Fund|
|Bill Text||SB353 Alabama 2018 Session - Introduced|