HB747 Alabama 2012 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2012
Title
Taxation, realignment of distribution of use tax on automobiles to provide additional funding for State General Fund, Sec. 40-23-85 am'd
Description
Currently, after Department of Revenue expenditures, the disposition of funds derived from use tax remain in the State Treasury to the credit of the Education Trust Fund and are withdrawn as other moneys in said fund. This bill realigns the distribution of said use tax to allow for additional funding to the General Fund
To amend Section 40-23-85, Code of Alabama 1975 to provide further distribution of use tax funds.
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 24, 2012 | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB747 Alabama 2012 Session - Introduced |