AL HB604

Authorizes Cherokee County Commission to levy an additional one cent ($.01) sales and use tax within incorporated municipalities and unincorporated areas, effective upon expiration of the current one cent sales tax.

Tax applies to specific categories including mining/manufacturing machines, automotive vehicles and trailers, farm equipment, and food dispensing machines at a rate of one quarter of one percent (1/4%) for most categories.

Tax proceeds first fund school resource officers for Cherokee County schools, with 60 percent of remaining proceeds distributed to the Cherokee County school system and the balance to the county general fund.

Requires monthly tax reporting and payment to the director of revenue by the 20th day of each month; imposes 10 percent penalty plus 0.5 percent monthly interest on late payments.

Tax becomes operative only upon approval by majority vote of Cherokee County qualified electors in a referendum held on the next county election date, with implementation effective October 1, 2014 if approved.