Alabama SB347 modifies the distribution of simplified sellers use tax funds to be based on population projections rather than the most recent federal.

Alabama SB347 amends the distribution of proceeds from the simplified sellers use tax. Instead of using the most recent federal decennial census, the bill changes the distribution to be based on population projections from the U.S. Census Bureau, updated every five years. Specifically, 60% of the funds will go to municipalities and 40% to counties, both based on these updated projections. The bill also repeals the existing law regarding the timing of the distribution of these tax proceeds.

Alabama SB347 modifies the distribution of simplified sellers use tax funds to be based on population projections rather than the most recent federal.

Alabama SB347 amends the distribution of proceeds from the simplified sellers use tax. Instead of using the most recent federal decennial census, the bill changes the distribution to be based on population projections from the U.S. Census Bureau, updated every five years. Specifically, 60% of the funds will go to municipalities and 40% to counties, both based on these updated projections. The bill also repeals the existing law regarding the timing of the distribution of these tax proceeds.