Opinion of Justices

To the Justices of the Supreme Court of Alabama;

Gentlemen;

The Income Tax Amendment to the Constitution of Alabama, Article XXII (Amendment No. 25) provides in part that “All income derived from such tax shall be held in trust for the payment of the floating debt of Alabama until all debts due on October 1st, 1932, are paid and thereafter used exclusively for the reduction of state ad valorem taxes”, and further that “The legislature shall reduce the ad valorem tax from time to time when and to such ail amount as the revenue derived from the income tax will justify.”

Eight years ago, and again…