AL HB672

Authorizes Macon County Commission to impose an excise tax on gasoline and motor fuel not to exceed $0.02 per gallon on distributors, retail dealers, and storers in the county.

Tax exemptions apply to gasoline and motor fuel used in interstate commerce and for essential governmental functions by state, federal, and local government agencies.

Companies or retailers with a formal Project Agreement for economic development entered within 24 months prior to the act are exempt from the tax for at least 24 months from the act's final engrossment.

Tax revenues split equally between the county road and bridge fund and the Macon County Economic Development Authority, with funds used for highway and bridge construction, improvement, and maintenance.

Violations including failure to report monthly, pay taxes on time, or comply with regulations constitute a Class C misdemeanor; delinquent taxes incur a 25 percent penalty and are enforceable as liens on the taxpayer's property.