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Section 45-37A-351.01 - Ad valorem tax increase.

AL Code § 45-37A-351.01 (2019) (N/A)
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(a) In addition to any taxes now authorized or that may hereafter be authorized by the constitution and laws of the State of Alabama, pursuant to Amendment 336 to the Constitution of Alabama of 1901, as amended, an increase of the municipal ad valorem tax presently being levied pursuant to Amendment 336 to the Constitution of Alabama of 1901 in the City of Mountain Brook in Jefferson County from the rate of one dollar and six cents on each one hundred dollars worth of taxable property in the City of Mountain Brook to the rate of two dollars and thirty-six cents on each one hundred dollars worth of taxable property in the City of Mountain Brook (an increase of one dollar and thirty cents on each one hundred dollars worth of taxable property, or 13 mills) is approved; such increase of 13 mills to be levied and collected by the governing body of City of Mountain Brook for each year without limit as to duration, beginning with the levy in the tax year ending September 30, 1994, (the tax for which year shall be due and payable October 1, 1994) or such later year for which the required electorate approval may be obtained for the earliest possible levy and collection, for general municipal purposes; provided, that the aforesaid increased rate of such tax, the time it is to continue, and the purpose thereof shall have been first submitted to the vote of the qualified electors of the City of Mountain Brook and voted for by a majority of those voting at a special election called and held in accordance with the law governing special elections as provided in Amendment 336.

(b) In implementation of Amendment 336 with respect to the proposed municipal ad valorem tax increase in the City of Mountain Brook: (1) All action heretofore taken by the Mountain Brook City Council in conducting the public hearing and proposing the tax increase of 13 mills (subject to approval to the Legislature of Alabama and the City of Mountain Brook electorate) for a period of time beginning with the October 1, 1994, collection and without limit as to duration, is hereby ratified, validated, and confirmed and (2) if any proposal to levy the 13 mill increase in municipal ad valorem tax at a rate not exceeding the 13 mill increase specified above for the period specified above or any shorter period included therein, is defeated at any special election therefor, subsequent special elections may be held as provided in Amendment 336 on the tax increase at the same or any lesser rate and for the same or any lesser period without an additional public hearing or Mountain Brook City Council approval or further approval by the Legislature of Alabama.

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Section 45-37A-351.01 - Ad valorem tax increase.