SB273 Alabama 2024 Session

Summary

Primary Sponsor

David Sessions Senator

Republican

Session

Regular Session 2024

Title

Sales and use tax, simplified sellers use tax, municipalities, distribution to be adjusted based on population adjusted for annexations annually based on report of U.S. Secretary of Commerce

Description

Under existing law, a percentage of the net proceeds from the simplified sellers use tax (SSUT) is distributed to municipalities. The distribution of the net proceeds is based on the ratio of the population of each municipality to the total population of all municipalities in the state as determined in the most recent federal census prior to distribution.

This bill would provide that for the purpose of the distribution of the net proceeds from the SSUT to municipalities, the ratio of the population of each municipality to the total population of all municipalities would be adjusted annually to include increases in population as a result of annexations.

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Subjects

Taxation & Revenue