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AL SB15
Bill
AI Summary
SB15 - State Tax Revenue Distribution Summary
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Redirects approximately $14.6 million annually from the Special Mental Health Trust Fund to the State General Fund, effective October 1, 2017, impacting multiple tax revenue streams including income tax, insurance premiums, and alcohol taxes.
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Eliminates dedicated funding to the Alabama Special Mental Health Trust Fund and the Alabama Veterans' Assistance Fund for fiscal years after 2016, consolidating these revenues into the General Fund instead.
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Modifies distribution percentages for cigarette tax revenues, shifting funds previously allocated to mental health and state parks programs to the General Fund to be used for Medicaid services.
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Updates appropriations across numerous state agencies and special funds (Forestry Commission, Department of Human Resources, Department of Mental Health, state parks, and veterans' programs) to credit revenues to the State General Fund rather than dedicated trust funds.
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Effective date of October 1, 2017, applies to all amended sections relating to tax revenue distribution and fund allocations throughout Alabama's fiscal system.
Legislative Description
Taxation, state tax revenues, distribution further provided for, Secs. 9-13-84, 22-9A-23, 22-21-24, 27-4A-3, 28-3-74, 28-3-184, 28-3-201, 28-3-202, 28-3-204, 28-7-16, 38-4-12, 38-4-12.1, 38-4-13, 40-1-31, 40-8-3, 40-21-51, 40-21-87, 40-23-35, 40-23-50, 40-23-77, 40-25-23 am'd.
Taxation
Last Action
Indefinitely Postponed
4/28/2016