SB369 Alabama 2012 Session
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Bill Summary
Sponsors
Session
Regular Session 2012
Title
Severance tax on minerals, distribution for roads in counties and municipalities, except Franklin Co. distributed to Franklin County Development Authority for exclusive use, Sec. 40-13-58 am'd.
Description
Currently, the state levies a uniform severance tax on minerals. Revenue from the tax is used for roads in the counties and municipalities, but revenue that is distributed to Franklin County is used exclusively for economic development
This bill would specify that the revenue distributed to Franklin County go to the Franklin County Development Authority for its exclusive use
To amend Section 40-13-58, Code of Alabama 1975, relating to the distribution of the revenue from the state severance tax on minerals, to require that revenue for Franklin County be distributed to the Franklin County Development Authority for its exclusive use.
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 8, 2012 | Pending third reading on day 28 Favorable from Ways and Means General Fund | |
| May 8, 2012 | Read for the second time and placed on the calendar | |
| May 1, 2012 | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund | |
| April 26, 2012 | Motion to Read a Third Time and Pass adopted Roll Call 835 | |
| April 26, 2012 | Third Reading Passed | |
| April 12, 2012 | Read for the second time and placed on the calendar | |
| February 28, 2012 | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB369 Alabama 2012 Session - Introduced |