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AL HB403

Bill

Status

Introduced

2/13/2018

Primary Sponsor

Jack Williams

Click for details

Origin

House of Representatives

Regular Session 2018

AI Summary

HB 403 Summary

  • Amends Act 2001-550 to modify conditions for an existing 3% automobile rental tax in Jefferson County that funds the Birmingham-Jefferson Civic Center Authority.

  • Changes the operative date requirement from bond counsel certification of available revenue sources to certification by the Authority's chair that a contractual commitment has been made for stadium construction suitable for NCAA Division I Football Bowl Subdivision games.

  • The tax becomes effective on the first day of the second calendar month after the chair delivers the stadium construction commitment certificate to the Director of Revenue.

  • The contractual commitment must be a bond purchase agreement, loan agreement, or other financing commitment that, combined with other available funds, will be sufficient to complete stadium construction.

Legislative Description

Jefferson Co., automobile rental tax, add'l tax levied, Act 2001-550, 2001 Reg. Sess., am'd; Sec. 45-37-244.01 am'd.

Jefferson County

Last Action

Read for the first time and referred to the House of Representatives committee on Jefferson County Legislation

2/13/2018

Committee Referrals

Jefferson County Legislation2/13/2018

Full Bill Text

No bill text available