CHAPTER 11. TAXATION.

§11-8-6d. Maximum levies on each classification by municipalities; order of levy.

The governing body of a municipality is hereby authorized to lay not in excess of the following maximum levies, for the purposes specified, and in the following order:

(1) For the payment of (a) principal and interest upon bonded indebtedness incurred prior to the adoption of the Tax Limitation Amendment; and to the extent not so required, (b) other legally incurred contractual indebtedness, not bonded, if any, incurred prior to the adoption of the Tax Limitation Amendment, as follows: On Class I property, one and five tenths cents; on Class II property, 3¢; and on Class IV property, 6¢.

(2) For general current expense purposes, as follows: On Class I property, 11¢; on Class II property, 22¢; and on Class IV property, 44¢.

Bills Affecting §11-8-6D

2006 Regular Session: HB2445
2006 Regular Session: SB520
2005 Regular Session: SB188
2005 Regular Session: HB2445
2004 Regular Session: HB3157
2004 Regular Session: SB594
2003 Regular Session: HB3157
1995 Regular Session: HB2503