Loading chat...
AL HB652
Bill
Status
4/5/2012
Primary Sponsor
Jack Williams
Click for details
AI Summary
-
Allows a county that levied an occupational and license tax within the 20 years prior to enactment to reimpose that tax on the same terms and conditions as previously imposed.
-
Reimposition of the tax is only permitted if the county contains a public university that operates a medical school.
-
Requires 20 percent of tax proceeds to be transferred to the university for scientific, medical, and innovative research projects or construction projects.
-
The remaining 80 percent of tax proceeds shall be distributed to the county general fund.
-
Becomes effective on the first day of the third month following passage and approval by the Governor, or its otherwise becoming law.
Legislative Description
Taxation, occupational tax authorized in county which had levied an occupational tax within the past 20 years, and where a public university is located with a medical school
Taxation
Last Action
Read for the first time and referred to the House of Representatives committee on County and Municipal Government
4/5/2012