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AL HB566
Bill
Status
5/4/2021
Primary Sponsor
Nathaniel Ledbetter
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AI Summary
HB566 Summary
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Amends Section 40-23-35 of the Alabama Code to modify distribution of sales tax revenue collected under the sales tax division.
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Changes funding for Department of Conservation and Natural Resources state parks system beginning October 1, 2021, from $7,500,000 annually to $7,000,000 annually.
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Requires the State Treasurer to annually adjust the state parks funding amount beginning October 1, 2022, based on cumulative changes in the Consumer Price Index for All Urban Consumers (CPI-U), rounded to the nearest $1,000.
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Extends the formula-based state parks funding period through September 30, 2021, and establishes the new fixed and inflation-adjusted funding structure thereafter.
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Becomes effective immediately upon passage and approval by the Governor.
Legislative Description
Taxation, sales tax revenue, distribution of portion to Conservation and Natural Resources Dept for State Parks, adjustment based on change in Consumer Price Index, Sec. 40-23-35 am'd.
Taxation
Last Action
Delivered to Governor at 2:25 p.m. on May 4, 2021.
5/4/2021