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AL HB276
Bill
Status
3/12/2015
Primary Sponsor
Christopher England
Click for details
AI Summary
HB276 Summary
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Requires all public, private, and municipal utility corporations to pay the state 2.2% license tax on gross receipts, eliminating the previous exemption for municipal utilities.
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Repeals the requirement that the Alabama Municipal Electric Authority make in-lieu-of tax payments to the state.
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Redirects revenue distribution by allocating 35.7% of collected license tax revenue to the State General Fund and 64.3% to the Special Mental Health Fund (reversing the previous 85%-15% split).
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Becomes effective on the first day of the third month following passage and gubernatorial approval.
Legislative Description
Municipalities, utility gross receipts, payment, including certain municipal utility corporations, distrib. of additional revenue to State General Fund, Secs. 11-50A-7, 40-21-53, 40-21-55 am'd.
Municipalities
Last Action
Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund
3/12/2015