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FISCAL NOTE
Senate Bill 233
Committee: County and Municipal GovernmentSponsor: Senator Linda Coleman-Madison
Analyst: Tiffany Weaver Date: 03/20/2024
Senate Bill 233as introduced would increase the mortgage record tax from $.15 for each $100 of
indebtedness to $.30 for each $100 of indebtedness, or fraction thereof and redistribute the
proceeds which would increase mortgage record tax collections by the following estimated
amounts to the following entities:
Alabama Housing Trust Fund $28,100,000
County Treasuries $8,800,000
State General Fund $6,000,000
Probate Judges $2,800,000
TOTAL $56,300,000