The proposed bill seeks to amend the Constitution of Alabama of 2022 to allow qualified taxpayers aged 65 and older in Monroe County to claim a senior property tax exemption on their real property, provided certain conditions are met. Specifically, the property must be classified as single-family owner-occupied residential property and used as the individual's principal residence for at least five years prior to claiming the exemption. 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 various provisions regarding the continuation of the exemption, eligibility for other exemptions, and the treatment of property additions.

The bill includes specific procedural requirements for claiming the exemption, which must be done in writing to the Monroe County Revenue Commissioner between October 1 and December 31, starting from October 1, 2027, for the property value as of October 1, 2026. The amendment will be presented to voters in an election, and it will become part of the Constitution upon approval by a majority of qualified electors. The bill also includes provisions for nonsubstantive revisions to ensure clarity and consistency in the legal language.