Amendment 6 - Alabama Authorize Certain Cities to Use Special Property Tax Revenue to Pay for Capital Improvements Directly Amendment

Alabama Ballot Measure - HB 178

Election: Nov. 8, 2022 (General)

Outcome: Passed

Categories:

Taxes

Summary


Amendment 6 allowed certain cities that were previously authorized to levy a special property tax to pay for bonds or other forms of debt to also use the tax revenue to pay for capital improvements directly on a pay-as-you-go basis. The amendment allowed the cities to use such revenue to pay the principal and interest on bonds or other securities being used to finance or refinance the costs of the improvements. It also validated any past use of such property tax revenue directly for capital improvements.

Measure Text


Use the source below

Resources


Official Summary

arrow_upward