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.
|January 16, 2018||H||Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund|
|Hearing||April 5, 2017||Room 320 ** BILL ADDED** at 00:00||Senate B&I Hearing|
|Bill Text||HB 215 - Introduced|