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AL HB371
Bill
Status
3/3/2020
Primary Sponsor
Rex Reynolds
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AI Summary
HB371 Summary
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Amends Section 40-12-270 of the Alabama Code to update the disbursement of motor vehicle license taxes and registration fees collected by judges of probate.
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Distributes net proceeds as follows: 64.75% of additional amounts to the State; 35.25% apportioned to 67 counties (42.16% equally distributed, 57.84% by population ratio).
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Allocates remaining net proceeds with 72% to State of Alabama, 21% to municipalities or counties where vehicles are registered, and 7% to counties based on motor vehicle registration ratios.
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Dedicates $1,200,000 annually from motor vehicle taxes to the Alabama Law Enforcement Agency for traffic and motor vehicle law enforcement.
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Becomes effective beginning fiscal year October 1, 2020.
Legislative Description
Taxation, to update the dispursement of certain license taxes and registration fees, Sec. 40-12-270 am'd.
Taxation
Last Action
Pending third reading on day 13 Favorable from Ways and Means General Fund
3/12/2020