HB606 Alabama 2017 Session
In Committee
Bill Summary
Sponsors
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
To amend Section 40-28-2, Code of Alabama 1975, relating to the distribution of in-lieu-of-taxes payments made by the Tennessee Valley Authority, to provide for the redistribution of the payments.
Subjects
Tennessee Valley Authority
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 16, 2017 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB606 Alabama 2017 Session - Introduced |