HB177 Alabama 2013 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2013
Title
Alabama Trust Fund, transfer of amount from, to State General Fund as pursuant to const. amend., increase on cigarettes, proceeds used to repay funds, appropriation, const. amend.
Description
<p class="bill_description"> Under Amendment 856 of the Constitution of
Alabama of 1901, funds will be transferred from the
Alabama Trust Fund to the State General Fund each
year over three fiscal years beginning with the
fiscal year ending September 30, 2013, and
concluding with the fiscal year ending September
30, 2015. The amendment does not require the
transferred funds to be repaid</p><p class="bill_description">
This bill would propose a constitutional
amendment to require the repayment with interest of
the funds transferred from the Alabama Trust Fund
pursuant to Amendment 856 to the Constitution of
Alabama of 1901, within six years following the
fiscal year ending September 30, 2015; to provide
the procedure for the repayment of the funds
transferred from the Alabama Trust Fund pursuant to
Amendment 856 to the Constitution of Alabama of
1901; to increase the tax on cigarettes by an
additional 50 mills on each cigarette; and to
provide that the proceeds from the tax levied by
the state on cigarettes and other appropriations
from the Alabama Legislature shall be used to repay
the funds transferred from the Alabama Trust Fund
pursuant to Amendment 856 to the Constitution of
Alabama of 1901</p><p class="bill_entitled_an_act"> To propose a constitutional amendment requiring the
repayment with interest of the funds transferred from the
Alabama Trust Fund pursuant to Amendment 856 to the
Constitution of Alabama of 1901, within six years following
the fiscal year ending September 30, 2015; to provide the
procedure for the repayment of the funds transferred from the
Alabama Trust Fund pursuant to Amendment 856 to the
Constitution of Alabama of 1901; to increase the tax on
cigarettes by an additional 50 mills on each cigarette; and to
provide that the proceeds from the tax levied by the state on
cigarettes and other appropriations from the Alabama
Legislature shall be used to repay the funds transferred from
the Alabama Trust Fund pursuant to Amendment 856 to the
Constitution of Alabama of 1901.
</p>
Subjects
Appropriations
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 6, 2013 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB177 Alabama 2013 Session - Introduced |