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, detailing that the county clerk will collect this tax concurrently with the state privilege tax for motor vehicles. It stipulates that residents must purchase the special license at the same time they obtain their state license, with evidence of payment provided through an emblem, sticker, or decal displayed on the vehicle's license plate. The design of these identifiers will be determined by the county commission, and the associated 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 tax funds, stating that 100% of the revenue, excluding clerk's fees, will initially go into the county general fund. These funds can be used for various authorized purposes, including school construction and other county facilities, as determined during the annual budget process. 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.