SB462 Summary

• Authorizes Chilton County to levy additional sales and use taxes at rates of 1% for retail sales and amusement activities, and 0.5% for industrial machinery, automotive vehicles, and farm equipment to fund hospital facility construction, maintenance, and operation.

• Tax revenues must be deposited into a separate county fund and used exclusively for hospital purposes; the county may designate the Chilton County Health Care Authority or another public hospital corporation to receive and manage the proceeds.

• Allows the county to call an advisory referendum on the tax levy but specifies the governing body is not bound by referendum results and retains sole discretion to impose or decline the taxes.

• Prohibits abatement of the authorized taxes under Chapter 9B of Alabama Code and authorizes the county or a public hospital corporation to issue bonds, warrants, and certificates of indebtedness secured by pledging the tax revenues.

• Requires termination of the taxes no later than four years after all bonded indebtedness is retired, though the county may continue the taxes for up to four years post-retirement to fund ongoing hospital maintenance and operations.