This bill, identified as SB323, pertains to the distribution of tax proceeds collected by county commissions in Alabama. It specifically prohibits counties from allocating any proceeds derived from county privilege, license, or excise taxes on tobacco or tobacco products to entities that have either had their property foreclosed upon or have declared bankruptcy. The bill mandates that any proceeds that would have been appropriated to such entities must instead be placed into an escrow account within the county. These funds are to be held until they can be appropriated to another entity.

The bill also includes a sunset provision, stating that the prohibition on distributing tax proceeds to certain entities will be repealed on January 1, 2026. Additionally, the bill is set to become effective immediately upon its enactment. There are no insertions or deletions marked within the provided text of the bill, indicating that the text represents the entirety of the new legislative changes without amendments to existing law.