Currently, the state levies a uniform severance tax on minerals. Revenue from the tax is used for roads in the counties and municipalities, but revenue that is distributed to Franklin County is used exclusively for economic development.
This bill would specify that the revenue distributed to Franklin County go to the Franklin County Development Authority for its exclusive use.
Pending third reading on day 28 Favorable from Ways and Means General Fund
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund
Motion to Read a Third Time and Pass adopted Roll Call 835
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
Source: Alabama Legislature