SB166 Summary

• Re-establishes Alabama's $.135 per ton coal severance tax that expired on October 1, 2011, to be levied on all producers severing coal within the state.

• Requires coal producers to file monthly reports with the Commissioner of Revenue within 20 days of each month-end, accompanied by full tax payment based on tons of coal severed.

• Directs tax proceeds to the Alabama State Docks Bulk Handling Facility Trust Fund to pay principal and interest on seaport facility bonds, with remaining funds distributed to the Alabama Mining Academy, local governments, and the State General Fund.

• Allocates specific distributions from the trust fund including $300,000 to Alabama Mining Academy, $500,000 each to Tuscaloosa and Jefferson Counties, $200,000 to Walker County Economic Development Authority, and additional allocations to various community development foundations totaling $650,000.

• Terminates the tax on October 1, 2016, unless extended by the Legislature, with penalties for non-compliance ranging from $100-$500 per offense and perjury charges for false filings.