The bill amends Section 11-92C-8 of the Code of Alabama 1975, enhancing the powers of local redevelopment authorities by allowing them to require payments in lieu of taxes specifically for transient occupancy taxes, in addition to existing provisions for ad valorem, sales, and use taxes. It mandates that these authorities report such payments to the Department of Revenue and grants them the authority to enforce compliance with these payments akin to a tax assessor or collector. Notably, the bill removes references to income taxes from the list of taxes for which payments in lieu of taxes can be required, thereby streamlining the focus on transient occupancy taxes.

Additionally, the bill introduces amendments to Section 11-92C-2, allowing authorities to enter into agreements with private users, pursue tax liens for unpaid payments, and acquire property through various means. It clarifies the scope of the authority's ability to employ professionals by replacing "without limitation" with "limited to." The bill also requires annual reporting of payments received to the Department of Revenue, which will publish this information on its website, and grants the Department the authority to adopt rules for implementation. The bill is set to take effect on October 1, 2025.

Statutes affected:
Introduced: 11-92C-8
Enrolled: 11-92C-8