Loading chat...
AL HB403
Bill
Status
2/13/2018
Primary Sponsor
Jack Williams
Click for details
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