AL HB256

Amends Section 45-29-242.20 of the Alabama Code to modify the distribution of proceeds from Fayette County's one-cent privilege license tax on gross sales and gross receipts.

Changes the distribution percentages for tax proceeds: allocates 40 percent to the Fayette County Board of Education and 60 percent to the Fayette County General Fund for debt reduction (previously 20 percent), removing provisions for Tom Bevill Reservoir bond debt service.

Removes conditional language regarding the Park Bond Issue and Tom Bevill Reservoir funding, simplifying the distribution formula to apply after reservoir bond retirement.

Makes technical and nonsubstantive revisions to update code language to current style, including changing "statutes" to "laws" and "promulgating" to "adopting."

Ratifies and confirms all proceeds from the sales and use tax received by Fayette County or its Board of Education prior to the act's effective date; becomes effective immediately upon passage and approval.