SB243 Summary

• Amends Alabama Code Section 40-5-44 to require tax collectors, elected assistant tax collectors, revenue commissioners, license commissioners, and probate judges to make annual final settlements with the State Comptroller regarding ad valorem taxes on motor vehicle tags by November 1 each year.

• Imposes a penalty of $10 per day for failure to submit required settlement by November 10, with penalties deducted from commissions owed to the official.

• Authorizes the Comptroller, county treasurer, or custodian of county funds to withhold all commissions if settlements are not made by December 10 of each year.

• Requires final settlement determinations to comply with rules and regulations promulgated by the State Comptroller regarding format, time frame coverage, and approval by the Chief Examiner of Public Accounts.

• Becomes effective on the first day of the third month following passage and gubernatorial approval.