HB44 Alabama 2010 Session

Sponsors

Session

Regular Session 2010

Title

Tennessee Valley Authority, payments in-lieu-of-taxes, redistribution of the payments to dry counties and municipalities under existing law to counties served by TVA, certain increases in liquor tax receipts distributed to dry counties and municipalities, Sec. 40-28-2 am'd.

Description

Under existing law, five percent of the in-lieu-of-taxes payments made by the Tennessee Valley Authority are distributed to dry counties and municipalities that are not served by T.V.A.

This bill would reduce the current distribution to dry counties and municipalities that are not served by T.V.A. and provide for an increase in those payments to the counties served by T.V.A.

This bill would offset the reduced distribution of in-lieu-of-taxes payments to the dry counties and municipalities therein that are not served by T.V.A. by reallocating certain liquor tax revenues to the dry counties and municipalities therein.

To amend Section 40-28-2, Code of Alabama 1975, relating to the distribution of in-lieu-of-taxes payments made by the Tennessee Valley Authority, to provide for the redistribution of the payments; and to reallocate certain liquor tax revenues.

Subjects

Tennessee Valley Authority