HB664 Summary

• Authorizes Jefferson County Commission to levy an annual business license tax on entities engaged in business activities, excluding those required to pay state taxes under specified Alabama Code sections.

• Tax is measured by gross receipts after permitted deductions, with a maximum rate of 1/40th of one percent and a minimum tax of $25.00 per annum initially, not to exceed $15,000 per annum initially.

• Requires the County Commission to post proposed business license ordinances on the county website for at least 15 days before adoption and allows tax increases of up to 5 percent every five years beginning in fiscal year 2016.

• Tax revenue, net of collection costs, shall be deposited into the County's General Fund for lawful county expenditures.

• Prohibits the County from levying new business licenses other than the Jefferson County Entity Business License Tax authorized by this act and prevents the same gross receipts from being taxed under multiple county business licenses for the same period.