Currently, some Alabama tax and revenue statutes dedicate specific state tax receipts to be expended for specific entities for specific purposes. Excluding State General Fund and Education Trust Fund appropriations, state tax receipts that are unexpended at the conclusion of a fiscal year are generally retained by the specific entities and do not revert to the State General Fund
This bill will provide for the use of a portion of the unexpended state tax receipts as defined herein for employee bonuses and transfer remaining amounts to the State General Fund
To define state tax receipts for the purpose of this act; and to provide for the distribution and use of unexpended state tax receipts at the conclusion of each state fiscal year.
|March 5, 2019
|Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund
|HB37 Alabama 2019 Session - Introduced