AL HB642

Proposes a local constitutional amendment redirecting proceeds from an existing ad valorem tax on motor vehicles from fire departments to the Baldwin Community and Economic Development Foundation, Incorporated, effective December 1, 2014.

Requires minimum 60 percent of proceeds be expended on economic development projects, infrastructure, and new job creation efforts within Baldwin County.

Allocates remaining proceeds to marketing and job creation initiatives including advertising, job training, and workforce development.

Allows the foundation to transfer proceeds to industrial development boards, municipalities, state agencies, and nonprofit corporations for approved purposes.

Permits the Legislature to decrease or reallocate distributions between the foundation and other entities through local law, and requires annual independent external audits provided to the Baldwin County Commission.