The proposed bill seeks to amend the Constitution of Alabama of 2022 to allow qualified taxpayers aged 65 and older in Lawrence County to claim a senior property tax exemption on their real property. This exemption applies to single-family owner-occupied residential properties that have been the principal residence of the taxpayer for at least five years prior to the tax year in which the exemption is claimed. The amendment stipulates that the assessed value of the property will be frozen at the value from the year before the exemption is claimed, and it outlines specific conditions under which the exemption can be maintained, such as continued use of the property as the principal residence and eligibility for other exemptions.

Additionally, the bill specifies that the exemption can be claimed starting October 1, 2027, and must be filed in writing with the Lawrence County Revenue Commissioner between October 1 and December 31. The amendment also clarifies that any increases in assessed value due to property additions after claiming the exemption will still be subject to ad valorem tax. The bill includes provisions for an election to be held to ratify the proposed amendment, which will become part of the Constitution upon approval by a majority of voters.