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AL SB311

Bill

Official Source

Status

Passed

3/21/2018

Primary Sponsor

J.T. Waggoner

Click for details

Origin

Senate

Regular Session 2018

AI Summary

  • Amends Section 45-37-244.01 to modify conditions for when the 3 percent automobile rental tax in Jefferson County becomes operative.

  • Changes the operative trigger from bond counsel certification of available revenue sources to the chair of the Birmingham-Jefferson Civic Center Authority delivering a certificate of contractual commitment for constructing a stadium suitable for NCAA Division I Football Bowl Subdivision football games.

  • 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.

  • Tax revenue collected continues to be allocated to the Birmingham-Jefferson Civic Center Authority for operation, capital expansion, renovation, and maintenance.

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

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

Assigned Act No. 2018-288.

3/21/2018

Committee Referrals

Jefferson County Legislation2/20/2018
Local Legislation, Jefferson County2/13/2018

Full Bill Text

No bill text available