This bill, in addition to such authorization as may be currently provided by law, would authorize the governing body of each county currently seeking or that may seek relief under Chapter 9 of the United States Bankruptcy Code, and in respect of whose petition an Order for Relief is entered pursuant thereto, to levy and collect various taxes, including sales, use, leasing, privilege license, and excise taxes, subject to certain limitations and restrictions.
This bill would require the governing body of such county to hold a public hearing regarding the levy of any additional tax allowed by this act, prior to the levy and collection of the additional tax.
This bill would provide that any tax authorized by this act may not be levied and collected if the estimated revenues from the tax for the first full fiscal year exceed, when added to all other additional taxes, 20 percent of the largest annual amount of the county expenditures reflected in the budgets of the county adopted in September of each year for the five fiscal years of the county immediately preceding the filing of its petition for relief under the United States Bankruptcy Code.
This bill would provide for the establishment, membership, appointment, qualifications, and responsibilities of a financial advisory committee for any county levying any additional tax as authorized by this act.
This bill would provide for the termination of the authority to provide for the initiation of the levy and collection of the additional taxes authorized by this act.
Pending third reading on day 28 Favorable from County and Municipal Government with 1 amendment
County and Municipal Government first Amendment Offered
Read for the second time and placed on the calendar 1 amendment
Read for the first time and referred to the House of Representatives committee on County and Municipal Government
Engrossed
Motion to Read Again a Third Time and Pass as Amended adopted Roll Call 1090
Smitherman motion to Adopt adopted Roll Call 1089
Smitherman Amendment No. 2 Offered.
Waggoner motion to Reconsider and Table Smitherman Amendment #1 adopted Voice Vote
Waggoner motion to Reconsider Third Reading adopted Voice Vote
Third Reading Passed
Motion to Read a Third Time and Pass adopted Roll Call 1083
Smitherman motion to Adopt adopted Roll Call 1082
Smitherman Amendment Offered
Third Reading Passed
Waggoner Carry Over to the Call of the Chair Granted
Waggoner motion to Adopt adopted Roll Call 1037
Waggoner first Substitute Offered
Third Reading Carried Over to Call of the Chair
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Commerce, Transportation, and Utilities
Source: Alabama Legislature