(a) In order to provide funds for the operation of the public schools in School District One, Madison County, the governing body of Madison County is hereby authorized by ordinance to levy and provide for the collection of a one percent sales and use tax in School District One, Madison County, which shall be in addition to any and all other county taxes heretofore or hereafter authorized by law in School District One, Madison County. The governing body of Madison County shall submit the question of levying any such tax to a vote of qualified electors of School District One, Madison County, and shall also provide for holding and canvassing the returns of the election and for giving notice thereof. The cost of the referendum shall be paid by the county board of education. All the proceeds from any tax levied pursuant to this section, less the cost of collection thereof, shall be used exclusively for public school purposes in School District One, Madison County. The sales or use tax shall parallel, except for the rate of tax, the provisions imposed by the State of Alabama under Chapter 23 of Title 40, and additions and amendments thereto, and the sales and use tax so levied shall not amount to more than one-half of the state levy provided for therein.
(b) The collection, enforcement, administration, and disposition of funds collected and the charge for collecting same shall be in accordance with Sections 40-12-5 to 40-12-7, inclusive, and any additions and amendments thereto.
(c) The proceeds of the taxes imposed by this section, when collected, shall be paid by the governing body of Madison County, Alabama, to the custodian of the county school funds of School District One, Madison County.