133559-2:n:07/28/2011:DA/tj LRS2011-4245
| SYNOPSIS: | Under existing law, one percent of the gross amount collected on the $.10, on each $100 of the assessed value of taxable property for the relief of needy Confederate soldiers and sailors, resident citizens of the state and their widows, is expended by the Alabama Historical Commission for capital improvements and maintenance at the Confederate Memorial Park at Mountain Creek, Chilton County. |
| This bill would provide for the one percent gross amount collected on the $.10 on each $100 of the assessed value of taxable property to be allocated to the Alabama Medicaid Agency. |
To amend Section 40-8-3 of the Code of Alabama 1975, relating to the allocation of certain proceeds of a state ad valorem tax to the Alabama Historical Commission for the Confederate Memorial Park at Mountain Creek; to provide for the allocation to be allocated to the Alabama Medicaid Agency.
BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:
Section 1. Section 40-8-3 of the Code of Alabama 1975, is amended to read as follows:§40-8-3.
"There is hereby levied for the purpose and upon the property hereinafter named and not specifically exempted from taxation annual taxes, as follows:
(1) For the maintenance of the public schools of this state, $.30 on each $100 of the assessed value of taxable property.
"(2) For the relief of needy Confederate soldiers and sailors, resident citizens of Alabama and their widows, $.10 on each $100 of the assessed value of taxable property of which one percent of the gross amount collected will be expended by the Alabama Historical Commission to provide for capital improvements and maintenance at the Confederate Memorial Park at Mountain Creek, Chilton County, Alabama allocated to the Alabama Medicaid Agency.
"(3) For the use of the state and to raise revenue therefor, $.25 on each $100 of the assessed value of taxable property."
Section 2. This act shall become effective immediately following its passage and approval by the Governor, or its otherwise becoming law.