Senate Bill 1428 amends Chapter 116 of the Private Acts of 2000 concerning the collection of a special wheel or privilege tax in Fayette County. The bill replaces Section 3, stipulating that the county clerk will collect this tax concurrently with the state privilege tax for motor vehicles. It mandates that residents must purchase the appropriate county license when obtaining their state license, with the payment evidenced by a decal or sticker displayed on the vehicle's license plate. The county clerk is entitled to a fee of one dollar for each license issued, in addition to the tax, and may also issue replacement decals for a fee of one dollar if the vehicle changes ownership.

The bill outlines that all funds collected from this special tax will be reported monthly by the county clerk and paid to the county trustee. These funds will be allocated entirely to the county general fund, with the option to transfer them to the county capital projects fund for school construction and other facilities, or to the county debt service fund for debt payments related to these projects. The act requires a two-thirds vote from the legislative body of Fayette County for it to take effect, with provisions for immediate effectiveness regarding its approval process.