Alabama Code (Last Updated: November 28, 2014) |
Title40 REVENUE AND TAXATION. |
Chapter21. PUBLIC UTILITIES. |
Article2. License Taxes. |
§40-21-55. Electric, hydroelectric, gas, or any other public utility - Distribution of revenues.
Latest version.
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All revenues collected under the provisions of Section 40-21-53 shall, after deduction of the cost of collection, be distributed in the following manner:
(1) Eighty-five percent of the balance remaining after deduction of the cost of collection shall be deposited in the Special Mental Health Fund to be used for mental health purposes; and
(2) Fifteen percent of the balance remaining after deduction of the cost of collection shall be deposited in the General Fund.