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Home » US Law » 2022 Code of Alabama » Title 40 - Revenue and Taxation. » Chapter 21 - Public Utilities. » Article 2 - License Taxes. » Section 40-21-55 – Electric, Hydroelectric, Gas, or Any Other Public Utility – Distribution of Revenues.

Section 40-21-55

Electric, hydroelectric, gas, or any other public utility – Distribution of revenues.

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.

(Acts 1971, No. 1412, p. 2406, §3.)