Section 40-28-1 Definitions. The following words, terms and phrases, where used in this chapter, shall have the following respective meanings, except where the context clearly indicates a different meaning: (1) T.V.A. The Tennessee Valley Authority. (2) A.B.C. The Alcoholic Beverage Control Board. (3) A.B.C. PAYMENTS. Any moneys which are distributed by law to the several […]
Section 40-28-2 Distribution of Tennessee Valley Authority payments. (a) Beginning in the fiscal year ending September 30, 1980, the State of Alabama will annually transfer to the counties in Alabama served by T.V.A. a portion of the in-lieu-of-taxes payments made by T.V.A. to the State of Alabama. Such transfer of funds shall be according to […]
Section 40-28-3 Counties to share payments with municipalities served by T.V.A.; basis for allocation of payments to counties served by T.V.A. (a) Distribution of the in-lieu-of-taxes payments of T.V.A. by the state to the served counties shall be made to the governing bodies of served counties. Any county receiving a share of said payments that […]
Section 40-28-4 When payments to be made to counties by state; manner of making payments. Payments by the state to the counties pursuant to this chapter will be made within 30 days after the state Department of Revenue receives each payment from T.V.A., and such payments shall be made by warrants drawn by the Comptroller […]
Section 40-28-5 Reallocation of certain liquor tax revenues. (a) Beginning with the fiscal year ending September 30, 2010, the Public Welfare Trust Fund, the Special Mental Health Fund, and the State General Fund shall annually receive the same amount of revenue from the state taxes on spirituous and vinous liquors pursuant to Sections 28-3-201, 28-3-202, […]
