HB296 Alabama 2019 Session

Summary

Primary Sponsor

Bill Poole

Republican

Session

Regular Session 2019

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 296 would shift Alabama’s fiscal year from October 1–September 30 to July 1–June 30, with a nine-month transition period and updated budgeting rules.

What This Bill Does

It moves the start and end dates of the state's fiscal year to July 1 through June 30, beginning with the 2022 fiscal year (which would start July 1, 2021). It creates a nine-month implementation year from October 1, 2020 to June 30, 2021, during which the Governor would set procedures to implement the change. Current FY 2021 appropriations would be valid for the nine-month year, with 25% of those appropriations allocated to the first quarter of FY 2022 (July 1–September 30, 2021). It also provides that 75% of sum certain tax revenue would be distributed during the implementation year, with the remaining distributions aligning with the new fiscal year from 2022 onward, and requires updating the Code and administrative steps to reflect the change.

Who It Affects

• State government agencies, departments, boards, commissions, and instrumentalities: must adopt the new July 1–June 30 fiscal year and adjust budgeting, reporting, and time limits.
• Local governments (municipalities and boards of education): must conform their budget and accounting years to the new state fiscal year dates.
• Tax revenue and treasury/financing authorities: would implement the 75% distribution during the nine-month transition and align distributions with the new fiscal year from 2022 onward.

Key Provisions

• Change the fiscal year dates from October 1–September 30 to July 1–June 30, with the new year starting in FY 2022.
• Create a nine-month implementation year (Oct 1, 2020 – Jun 30, 2021) and allocate 25% of current-year appropriations to the first quarter of FY 2022 (Jul 1–Sep 30, 2021).
• Distribute 75% of sum certain tax revenue during the implementation year, with the remaining distributions fitting the new FY 2022 rules thereafter.
• Governor to issue procedures to implement the change; Code Commissioner to adjust code references to the new fiscal year; references to fiscal year in the Code to be updated.

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