HB276 Alabama 2015 Session
Summary
- Primary Sponsor
Chris EnglandRepresentativeDemocrat- Session
- Regular Session 2015
- Title
- Municipalities, utility gross receipts, payment, including certain municipal utility corporations, distrib. of additional revenue to State General Fund, Secs. 11-50A-7, 40-21-53, 40-21-55 am'd.
- Description
Currently, municipal utility corporations are not paying the state license tax equal to 2.2% on each $1 of gross receipts. Revenue generated by the tax is distributed to the State General Fund and to the Special Mental Health Fund. This bill will require any public, private or municipal utility corporation to pay the license tax. This bill will distribute the additional revenue generated from removing this exemption to the State General Fund. This bill will also repeal the requirement that the Alabama Municipal Electric Authority make an in-lieu-of tax payment.
- Subjects
- Municipalities
Bill Actions
Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund
Bill Text
Documents
Source: Alabama Legislature