AL HB268

Increases motor vehicle sales and use tax rate from 2% to 3% on automotive vehicles, truck trailers, semitrailers, house trailers, and mobile home set-up materials and supplies.

Establishes refund process for trucks and truck-tractors used in interstate commerce, allowing purchasers to file for refund of excess taxes paid above 2% if they provide proof of registration and renewal through the International Registration Plan.

Excludes vehicle campers and housecars (as defined in Section 40-12-240) from motor vehicle drive-out tax provisions.

Changes revenue distribution from motor vehicle sales and use tax: allocates 44.7% to Education Trust Fund and 55.3% to State General Fund (with exception for motorboats which split 50-50 between funds).

Declares the increased tax exclusive and in lieu of future local motor vehicle taxes; existing local taxes remain operative but no new local motor vehicle taxes may be imposed.

Effective date: September 1, 2015.