The bill authorizes the City of Tuscaloosa to increase the ad valorem tax rate for public school purposes, allowing the city to levy a maximum rate of $2.50 on each one hundred dollars (25.0 mills on each dollar) of assessed property value. Currently, the city levies this tax at a rate of $1.35 on each one hundred dollars (13.5 mills on each dollar). The increase, which is up to 11.5 mills on each dollar of assessed value, is intended to provide additional funding to the Tuscaloosa City Board of Education for public school purposes. This proposal requires the approval of a majority of qualified electors in the city through a special election.

The bill includes new legal language that specifies the maximum tax rate and the process for its approval, while deleting references to the previous tax rates. Specifically, it inserts provisions that define the ad valorem tax and the School Funding Proposal, and it outlines the necessary steps for the city council to adopt the increase following a public hearing. The act will take effect immediately upon passage and approval by the Governor.