Alabama § 40-21-55 Electric, Hydroelectric, Gas, or Any Other Public Utility - Distribution of Revenues

Alabama Statutes

§ 40-21-55 — Electric, Hydroelectric, Gas, or Any Other Public Utility - Distribution of Revenues

Alabama § 40-21-55

Title 40Revenue and Taxation

Ch. 21Public Utilities

Art. 2License Taxes

This text of Alabama § 40-21-55 (Electric, Hydroelectric, Gas, or Any Other Public Utility - Distribution of Revenues) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 40-21-55 (2026).

Text

All revenues collected under the provisions of Section 40-21-53 shall, after deduction of the cost of collection, be distributed in the following manner:

(1)Eighty-five percent of the balance remaining after deduction of the cost of collection shall be deposited in the Special Mental Health Fund to be used for mental health purposes; and

(2)Fifteen percent of the balance remaining after deduction of the cost of collection shall be deposited in the General Fund.

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All revenues collected under the provisions of Section 40-21-53 shall, after deduction of the cost of collection, be distributed in the following manner:
(1) Eighty-five percent of the balance remaining after deduction of the cost of collection shall be deposited in the Special Mental Health Fund to be used for mental health purposes; and
(2) Fifteen percent of the balance remaining after deduction of the cost of collection shall be deposited in the General Fund.