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 and sales taxes. The new legal language mandates that these authorities report such payments to the Department of Revenue, thereby improving financial oversight. Additionally, the bill removes references to income taxes from the context of payments in lieu of taxes, streamlining the tax categories applicable to the authorities and reinforcing their enforcement capabilities akin to those of tax assessors or collectors.

Moreover, the bill introduces amendments related to authorities providing utility services, allowing them to enter into agreements with private users, pursue tax liens for unpaid payments in lieu of tax, and acquire property through various means. It also expands the authority's project management capabilities, including contract execution and rule establishment. A notable change is the deletion of the phrase "without limitation" regarding the appointment and compensation of officers and employees, replaced with "not limited to," which broadens hiring potential. The bill requires authorities to report payments to the Department of Revenue, which will publish this information annually, and grants the Department the authority to adopt implementation rules. The bill is set to take effect on October 1, 2025.

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