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 stipulates 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 license for their vehicle at the same time they obtain their state license, with the payment evidenced by an emblem, sticker, or decal displayed on the vehicle's license plate. The design of this emblem will be determined by the county commission, and the costs will be covered by the county's general funds. Additionally, the county clerk will charge a fee of one dollar for issuing licenses and replacement decals.

The bill also outlines the allocation of the collected special wheel or privilege tax, stating that 100% of the funds, excluding clerk's fees, will initially go into the county general fund. These funds can then be used for various authorized purposes, including capital projects for school construction and other county facilities, or to service debt related to such 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.