SB79 Summary

• Amends Section 45-2-244.044 of the Code of Alabama 1975 to authorize Baldwin County commission to levy an additional excise tax on gasoline and motor fuel not to exceed three cents ($0.03) per gallon, effective October 1, 2018.

• Tax applies to persons, corporations, copartnerships, companies, agencies, and associations engaged in selling, distributing, storing, or withdrawing from storage gasoline, motor fuel, and substitutes in the county.

• New tax shall be collected in the same manner as the existing state excise tax and deposited in a special fund on a pay-as-you-go basis without pledging for bonded indebtedness.

• Net proceeds from the additional tax shall be expended for the same purposes as the existing special fund, with one-fourth of net proceeds distributed proportionally to municipalities based on their population.

• Act becomes effective immediately upon passage and approval by the Governor.