Alabama § 45-45A-80.01 - Increase to Ad Valorem Tax.

§ 45-45A-80.01. Increase to Ad Valorem Tax.

(a) For the purposes of this section, the following words have the following meanings:

(1) AMENDMENT NO 373. Amendment No. 373 of the Constitution of Alabama of 1901, now appearing as Section 217 of the Official Recompilation of the Constitution of Alabama of 1901.

(2) TOWN. The Town of Triana, Alabama.

(3) TOWN GENERAL AD VALOREM TAX. The tax authorized pursuant to the applicable provisions of the general laws of this state and the Constitution of Alabama of 1901, to be levied by the town for general municipal purposes and without express limit as to time.

(b) The town presently levies and collects the town general ad valorem tax. Pursuant to a resolution adopted by the Town Council of the Town of Triana after a public hearing in accordance with Amendment No. 373, the Town of Triana proposes to increase the rate at which it may levy and collect the town general ad valorem tax by an additional 12 mills ($1.20 on each one hundred dollars) of assessed value.

(c) Pursuant to subsection (f) of Amendment No. 373 and a resolution adopted by the Town Council of the Town of Triana after a public hearing, the town may increase the rate at which the town levies and collects the town general ad valorem tax by a maximum rate increase for any tax year equal to 12 mills ($1.20 on each one hundred dollars) of assessed value, to be used and expended exclusively for public educational purposes.

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

(e) The increase in the rate of ad valorem tax authorized by this section upon approval of a majority of the qualified electors residing in the town shall be levied only if the City of Madison also approves a 12 mill increase in the rate of its ad valorem tax at a special election held contemporaneously with the special election held in the Town of Triana, the proceeds of which are to be used exclusively for public educational purposes.

(f) The increase in the maximum level of ad valorem tax authorized pursuant to this section may be made effective beginning with the levy for the tax year beginning on October 1, 2019, for which tax year municipal ad valorem taxes will become due and payable on October 1, 2020.