§ 45-55-243.10 — Period of Levy and Collection; Use of Tax Proceeds

Alabama § 45-55-243.10

• Jurisdiction: Alabama
• Title 45: Local Laws
• Ch. 55: Pike County
• Art. 24: Taxation
• Part 4: Tax, Sales and Use
• Subpart 1: 2007 Tax

Text

The taxes levied by this subpart shall be levied on June 1, 2007 (or on such later date on which this subpart shall become law) and shall be levied and collected thereafter, as provided herein, without limit as to duration. The proceeds of the taxes levied and collected pursuant to this subpart shall be distributed each month as follows:
(1)
From
and
after
June
8,
2007:
a.
Seventy-five percent of the proceeds shall be distributed to the county board of education and the various city boards of education in the county on the same basis as provided for the distribution of funds among local boards of education under Section 40–12–4, or any successor provision of law.
b.
Twenty-five percent of the proceeds shall be distributed to the county for general purposes and uses.
(2)
From
and
after October
1,
2007:
a.
Twelve thousand five hundred dollars ($12,500) of the proceeds shall be distributed to the county for distribution to agencies, entities, and organizations providing services to the general public in the county and
eligible
to
receive
appropriations
of
public
funds
from
the
county.
b.
Seventy-five
percent
of
the
remaining
proceeds
shall
be
distributed to the county board of education and the various city boards of education in the county on the same basis as provided for the distribution of funds among local boards of education under Section 40–12–4, or any successor provision of law
c.
Twenty-five percent of the remaining proceeds shall be distributed to the county for general purposes and uses.

Legislative History

(Act 2007–371, p. 727, § 12.)