Loading chat...
AL HB153
Bill
Status
3/5/2015
Primary Sponsor
William Poole
Click for details
AI Summary
-
Amends Alabama Code Sections 40-23-61, 40-23-85, and 40-23-174 to modify the distribution of use tax funds collected by the state.
-
Changes the distribution of remote use tax amounts to 75% to the General Fund and 25% to the Education Trust Fund, with remaining amounts split 75% to Education Trust Fund and 25% to General Fund.
-
Requires CHIP (Children's Health Insurance Program) funding to be distributed annually as a first charge against amounts allocated to the General Fund.
-
Modifies distribution of remote sales tax proceeds under a national agreement to allocate 75% of the state's half-share to the General Fund and 25% to the Education Trust Fund.
-
Becomes effective October 1, 2015, following passage and gubernatorial approval.
Legislative Description
Motor vehicle, remote sales, sales and use tax, distribution to General Fund, Secs. 40-23-61, 40-23-85, 40-23-174 am'd.
Taxation
Last Action
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
3/5/2015