Alabama § 45-45A-43.01 - Increase to Ad Valorem Tax.

§ 45-45A-43.01. Increase to Ad Valorem Tax.

(a) The Legislature hereby approves the proposed increase in the maximum rate at which the city general purpose tax is authorized to be levied from one and eight-tenths per centum [1.8 percent, equivalent to 18 mills] of the assessed value of taxable property in the city to two and four-tenths per centum [2.4 percent, equivalent to 24 mills] of the assessed value of taxable property in the city. The proposed increase in the maximum rate at which the city general purpose tax is authorized to be levied shall become effective only if the increase is approved, subsequent to the enactment of this section, by a majority of the qualified electors of the city who vote on the proposal at a special election during any regular scheduled election, as amended. The city council may make the proposed increase in the maximum rate of the city general purpose tax effective beginning with the levy for the tax year of the city beginning on October 1, 2012, for which tax year municipal ad valorem taxes become due and payable, or any tax year of the city after that date.

(b) Any municipality or town that participates in the Madison City School System, within two years after the effective date of the increase of the maximum rate of the city general purpose tax, shall increase its ad valorem tax equal to the increase provided by this section, and pay the proceeds to the City of Madison School Board. If any participating municipality or town fails to increase its tax, then beginning the following school year, students from the municipality or town may not attend any school within the Madison City School System.

(c) Notwithstanding any provision of law, after the effective date of the proposed increase in the maximum rate of the city general purpose tax pursuant to subsection (a), six twenty-fourths (6/24) of the revenues derived from the levy and collection of the city general purpose tax shall be used and expended exclusively for public educational purposes in and for the city.

(d) All laws or parts of laws that are in conflict with this act shall be and hereby are, to the extent of the conflict, repealed; however, nothing in this section shall be construed to amend, alter, affect, modify, or repeal any existing provision of law pertaining to the use of any revenues derived from the levy and collection of the city general purpose tax other than the portion of the revenues that is described and provided for in subsection (b), including particularly, but without limiting the generality of the foregoing, Section 45-45A-43.