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
<p class="bill_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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> 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.
</p>
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 |