The bill authorizes the City Council of Trussville, Alabama, to increase the ad valorem tax rate for public school purposes. This increase is based on the provisions of Section 217 of the Constitution of Alabama of 2022. The new maximum tax rate that can be levied and collected on all taxable property within the city is proposed to be $1.99 per one hundred dollars of assessed value, which is equivalent to 19.9 mills per dollar. This represents an increase of up to $1.29 per one hundred dollars (or 12.9 mills per dollar) from the current rate of $0.70 per one hundred dollars (7 mills per dollar) as authorized by Section 216.04 of the Alabama Constitution and a previous election held on February 25, 2014.

The bill outlines the definitions relevant to the act, the current tax rate, and the proposed school funding proposal. It specifies that the City Council of Trussville may increase the tax rate following a resolution adopted after a public hearing, as requested by the Trussville City Board of Education. However, the actual implementation of the tax increase is contingent upon the approval of a majority of qualified electors in the city during a special election called for this purpose. The bill is set to become effective on June 1, 2024. The Senate passed the bill on April 25, 2024, as indicated by the insertion in the text.