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Home » US Law » 2022 Code of Alabama » Title 45 - Local Laws. » Chapter 27 - Escambia County. » Article 24 - Taxation. » Part 7 - Tax, Severance. » Division 2 - Escambia County Oil and Gas Severance Trust.

Section 45-27-246.30 – Trust Fund.

Section 45-27-246.30 Trust fund. (a) The Legislature recognizes that there has been a certain windfall to Escambia County paid during the fiscal year 1983-84 and arising under the oil and gas severance tax levied under provisions of Section 40-20-2, and distributed under Section 40-20-8. The legislative intent of this section is to establish a trust […]