HB466 Alabama 2024 Session

Summary

Primary Sponsor

Marcus ParamoreRepresentative

Republican

Session

Regular Session 2024

Title

Pike County, further provides for sales and use taxes

Summary

HB466 expands Pike County's local sales and use tax to fund the county jail and judicial complex, with revenues placed in a segregated fund and distributed to the City of Troy and Pike County, and it sets debt rules and an expiration date.

What This Bill Does

It authorizes a local sales and use tax for Pike County to pay for the county jail and judicial complex, including all related costs of acquisition, construction, equipment, financing, operation, and maintenance. Tax receipts must go to Pike County and be placed in a segregated account used only for jail/judicial costs and for distributions under Section 9, with the County Commission allowed to move funds to special accounts and pledge them to debt. Distributions are split: money collected inside the City of Troy goes to the City for its expenses, while money collected outside the city goes to Pike County for its expenses; distributions are subordinate to any debt secured by the tax. The tax ends when the jail/judicial costs and debt are paid in full, or by October 1, 2030, whichever happens first; the act becomes effective October 1, 2024.

Who It Affects

• Pike County residents and local businesses who will pay the local sales and use tax and contribute to funding the jail and judicial complex.
• City of Troy residents and officials, who would receive the portion of tax receipts collected inside Troy for City expenses; Pike County outside Troy would use funds for county expenses.

Key Provisions

• Amends Act 2017-332 (as amended by Act 2022-38) to create/expand a Pike County Sales and Use Tax for jail/judicial complex.
• Defines costs, county jail and judicial complex, indebtedness, and distributions related to the tax.
• Requires tax receipts to be remitted to Pike County and deposited into a segregated account in the Pike County General Fund for jail/judicial costs and distributions.
• Allows the County Commission to transfer proceeds to special funds and to pledge tax proceeds to repay principal and interest on debt; such pledge is irrevocable while indebtedness remains.
• Distributions: inside City of Troy go to City of Troy for its expenses; outside Troy go to Pike County for County expenses; distributions are subordinate to secured debt.
• Expiration: tax expires when costs and financing are paid in full or on Oct 1, 2030, whichever comes first.
• Effective date: October 1, 2024.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Pike County