Alabama § 45-26-246.25 Disposition of Funds

Alabama Statutes

§ 45-26-246.25 — Disposition of Funds

Alabama § 45-26-246.25

JurisdictionAlabama

Title 45Local Laws

Ch. 26Elmore County

Art. 24Taxation

Part 7Lodging Tax

Subpart 2Subpart 2

This text of Alabama § 45-26-246.25 (Disposition of Funds) 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 § 45-26-246.25 (2026).

Text

(a)Except as otherwise provided in this subpart, the balance of the proceeds from the tax levied by this subpart shall be deposited into the Elmore County Lodging Fund. The net proceeds from the tax collected outside of the municipalities shall be used by the county for economic development purposes. Sixty-seven percent of the remaining funds in the lodging fund shall be used by the county for economic development purposes. Thirty-three percent of the remaining funds in the lodging fund shall be distributed to the municipalities on an equal basis where the lodging tax was collected to be used by the municipality for economic development purposes pursuant to an agreement with Elmore County. Except as provided in subsection (b), if Elmore County and any municipality fail to agree on the use

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(a) Except as otherwise provided in this subpart, the balance of the proceeds from the tax levied by this subpart shall be deposited into the Elmore County Lodging Fund. The net proceeds from the tax collected outside of the municipalities shall be used by the county for economic development purposes. Sixty-seven percent of the remaining funds in the lodging fund shall be used by the county for economic development purposes. Thirty-three percent of the remaining funds in the lodging fund shall be distributed to the municipalities on an equal basis where the lodging tax was collected to be used by the municipality for economic development purposes pursuant to an agreement with Elmore County. Except as provided in subsection (b), if Elmore County and any municipality fail to agree on the use of the funds by the municipality, that portion shall revert to the lodging fund for appropriation by the county for economic development purposes. All of the net proceeds from any room fees shall be deposited in the Elmore County Lodging Fund to be used by the county for economic development purposes. All funds in the lodging fund shall be used for economic development purposes as determined by the Elmore County Commission.
(b) Notwithstanding subsection (a), the portion to be distributed to the City of Prattville of the 33 percent of the net proceeds described in subsection (a) shall be remitted to the City of Prattville by the Elmore County Commission for economic development purposes no later than March 31, 2022.