HB606 Alabama 2017 Session

Summary

Primary Sponsor

Chris Pringle Representative

Republican

Session

Regular Session 2017

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, a total of eighty-three percent of the in-lieu-of-taxes payments made by the Tennessee Valley Authority (T.V.A.) are distributed to counties and municipalities that are served by T.V.A.

This bill would phase-out the current distribution to counties and municipalities that are served by T.V.A. over a three-year period and provide for an increase from those payments to the State General Fund.

Show more Show less

Subjects

Tennessee Valley Authority