Alabama 2025 Regular Session

Alabama House Bill HB372 Compare Versions

Only one version of the bill is available at this time.

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1	1	HB372INTRODUCED
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3	3	HB372
4	4	PUVQEEE-1
5	5	By Representatives Ingram, Starnes, Stubbs (N & P)
6	6	RFD: Local Legislation
7	7	First Read: 27-Feb-25
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12	12	5 PUVQEEE-1 02/27/2025 CD (F)DJ 2024-3150
13	13	Page 1
14	14	First Read: 27-Feb-25
15	15	A BILL
16	16	TO BE ENTITLED
17	17	AN ACT
18	18	Relating to Elmore County; to levy a county rental tax
19	19	and provide for the calculation of the rate; and to provide
20	20	for the distribution of the proceeds collected from the tax.
21	21	BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:
22	22	Section 1. This act shall only apply to Elmore County.
23	23	Section 2. (a) In addition to all other taxes,
24	24	beginning September 1, 2025, there is levied a privilege tax,
25	25	to be called a rental tax, on each person leasing or renting
26	26	tangible personal property as provided by this section.
27	27	(b) The Revenue Commissioner of Elmore County shall
28	28	calculate the rates for the tax levied by this section using
29	29	the formulas as provided in subsection (c) rounded to the
30	30	nearest one tenth of a percent and shall publish notice of the
31	31	rates by August 1, 2025.
32	32	(c)(1) a. The rate for each incorporated area of the
33	33	county, including any police jurisdictions, shall be equal to
34	34	the difference of the following:
35	35	1. Nine and one-half percent;
36	36	LESS
37	37	2. The lesser of the following:
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65	65	28 HB372 INTRODUCED
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67	67	2. The lesser of the following:
68	68	(i) The general state rental tax rate levied pursuant
69	69	to Section 40-12-222(a)(1), Code of Alabama 1975; or
70	70	(ii) Four percent;
71	71	LESS
72	72	3. The applicable general rental or lease tax rate
73	73	levied on the rental of tangible personal property by a
74	74	municipality in the incorporated area or police jurisdiction.
75	75	b. If the calculation from paragraph a. results in a
76	76	negative number, no county rental tax shall be levied by this
77	77	section.
78	78	(2) The rate for unincorporated areas of the county,
79	79	not to include any police jurisdictions, shall be an amount
80	80	equal to the greater of:
81	81	a. Five and one-half percent; or
82	82	b. The difference of the following:
83	83	1. Nine and one-half percent;
84	84	LESS
85	85	2. The lesser of the following:
86	86	(i) The general state rental tax rate levied pursuant
87	87	to Section 40-12-222(a)(1), Code of Alabama 1975; or
88	88	(ii) Four percent.
89	89	(d) Upon any change in the rates referenced in
90	90	subsection (c) that are used to calculate the county rental
91	91	tax rate, the revenue commissioner shall recalculate the
92	92	county rental tax rates in subsection (c) and publish notice
93	93	of the new rate adjustment.
94	94	(e) The county commission shall certify by resolution
95	95	the county rental tax rates levied by this section, including
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125	125	the county rental tax rates levied by this section, including
126	126	any recalculations provided by subsection (d).
127	127	(f) The tax levied by this section shall parallel the
128	128	tax imposed by Article 4 of Chapter 12 of Title 40, Code of
129	129	Alabama 1975. This tax shall apply to the same persons and
130	130	transactions to which that tax applies.
131	131	(g) The county commission shall provide for the
132	132	collection and administration of this tax by resolution.
133	133	(h)(1) The proceeds of this tax shall be deposited into
134	134	the Enhance Elmore Fund.
135	135	(2) The county commission shall appropriate the
136	136	proceeds of this tax as follows:
137	137	a. Ninety percent for infrastructure.
138	138	b. Ten percent for economic development.
139	139	Section 3. This act shall become effective on June 1,
140	140	2025.
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