HB572 Alabama 2019 Session

To authorize the City Council of the City of Huntsville, to equalize the level of ad valorem taxation collected for public school purposes throughout the city; to modify, pursuant to the procedures provided for in Amendment 373 to the Constitution of Alabama of 1901, including a favorable vote of the qualified electors of the city who vote on the proposed modification at an election thereon to be called and held pursuant to the provisions of Amendment 373, and contingent upon a corresponding reduction in the levy of certain ad valorem taxes heretofore authorized to be levied in the school district of the city for public school purposes, the maximum rate of the ad valorem tax on all taxable property in the city presently levied and collected for public school purposes in the city pursuant to Amendment 8 to the Constitution of Alabama of 1901, to a rate not in excess of 22 mills ($2.20 on each one hundred dollars of assessed value of taxable property), the amounts collected from the levy of such tax to continue to be used exclusively for public school purposes in the city.