HB145 Summary

• Extends the termination date of Alabama's excise and privilege tax on coal from October 1, 2011 to October 1, 2021, unless further extended by the Legislature.

• Maintains the tax rate at $0.135 per ton of coal severed within Alabama, collected by the commissioner from coal producers.

• Modifies distribution of tax proceeds to county general funds, development authorities, and the state general fund, with specific allocations for Tuscaloosa, Jefferson, and Walker counties for fiscal years 2011-2012 through 2012-2013.

• Beginning fiscal year 2013-2014, distributes 60 percent of remaining funds to the general fund of the county where coal is severed based on production ratio, with guaranteed minimum payments to Jefferson County ($500,000) and Winston County ($100,000).

• Requires coal producers to report tonnage severed from October 2011 onward within three months of the act's effective date, with penalties and interest waived if payment is made by the required deadline.