The bill authorizes the City of Trussville, Alabama, to increase the ad valorem tax rate for public school purposes from the current rate of $0.70 (7 mills) to a maximum of $1.99 (19.9 mills) on each one hundred dollars of assessed property value. This increase, which amounts to an additional $1.29 (12.9 mills), is contingent upon the approval of a majority of qualified voters in a special election. The proposal for this tax increase was adopted by the city council following a public hearing and at the request of the Trussville City Board of Education.
The bill also specifies that the increase in the special school tax is to be implemented in accordance with Section 217(f) of the Alabama Constitution. The new legal language inserted into the bill includes the definitions of terms such as "School Funding Proposal" and "Special School Tax," while the existing language regarding the current tax rate is retained. The act is set to take effect on June 1, 2024, following its passage in both the House and Senate.