HB295 Alabama 2018 Session

Summary

Primary Sponsor

Bill Poole

Republican

Session

Regular Session 2018

Title

Fiscal year, to change the date and provide implementation of a new fiscal year, provide definition of fiscal year for the state, Secs. 1-3-4, 11-8-1, 16-13-1, 11-43A-29, 11-43A-94, 11-43C-41, 11-44C-41, 11-44E-110 am'd.

Summary

HB 295 would shift Alabama’s fiscal year from October 1–September 30 to July 1–June 30, with a nine-month transition year in 2019-2020 and full adoption in 2020-2021, and adjust appropriations, tax distributions, and code dates accordingly.

What This Bill Does

It changes the official fiscal year to run July 1 through June 30. It creates a nine-month implementation period from October 1, 2019, to June 30, 2020, during which current appropriations cover nine months and 25% of the new year's appropriations fund the first quarter of the new fiscal year (July 1–Sept 30, 2020). It requires the Governor to issue procedures for implementing the change and the Code Commissioner to update statutes to reflect the new July 1–June 30 schedule. It also provides that 75% of sum certain tax revenue distributions occur during the nine-month implementation year, with the remainder aligning with fiscal year 2021 and beyond.

Who It Affects

• State government agencies, departments, boards, commissions, and other instrumentalities will operate under the July 1–June 30 fiscal year, with budgeting and reporting aligned to the new schedule and a nine-month transition.
• Municipalities and city boards of education will align their fiscal years and budgets to the new July 1–June 30 cycle, following the transition procedures and updated code references.

Key Provisions

• Amends Code sections to change the government’s fiscal year to July 1–June 30, with full adoption tied to the new schedule after a nine-month implementation period.
• Establishes a nine-month implementation fiscal year from October 1, 2019, through June 30, 2020, during which existing appropriations cover nine months and 25% of appropriations fund the first quarter of the new year 2021 (July 1–Sept 30, 2020).
• Allocates 75% of sum certain tax revenue distributions during the nine-month implementation year; the remaining 25% is aligned with the new fiscal year 2021 and thereafter.
• Requires the Governor to issue procedures to implement the transition and the Code Commissioner to update all fiscal year references in the Code to July 1–June 30.
• Makes provisions so changes do not render statutes invalid and ensures references to the fiscal year are updated across state and local government code.
• Effective date: the act becomes effective immediately upon passage and approval.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Government