Vote Smart's Synopsis:

Vote to override a veto of a bill that repeals payment of in-lieu-of-taxes payments by the Tennessee Valley Authority to dry counties or municipalities not served by the T.V.A., and replaces those funds with money from increases on state spirituous liquors taxes.

Highlights:

• Reduces the distribution provided to the dry counties and municipalities that are not served by Tennessee Valley Authority by an amount equal to the funds allocated to those dry counties and municipalities from liquor tax revenues until the aggregate annual amount of revenue received by those dry counties and municipalities is equal to the amount of T.V.A. payments distributed to the dry counties and municipalities therein for the fiscal year ending September 30, 2009 (Sec. 1).

• Requires that until the aggregate annual amount of liquor tax distributions to the dry counties and municipalities not served by T.V.A. is equal to the amount of T.V.A. payments distributed to the dry counties and municipalities for the fiscal year ending September 30, 2009, the annual amount by which any payments to such counties and municipalities are reduced by liquor tax revenues of this act be distributed to the counties served by T.V.A. Thereafter, all payments distributed shall be distributed to the counties served by T.V.A. (Sec. 1).

• Requires that the distributions to Limestone County, to Madison County, to Marshall County, and to Morgan County provided in this subsection be allocated by local law (Sec. 1).

• Requires that the additional distributions to the above listed counties be held by the respective county separate and apart from other T.V.A. distributions and not be expended by the county until the effective date of the local law providing for the allocation of such funds (Sec. 1).

• Requires that, for the fiscal year ending September 30, 2011, there be an adjustment to increase or decrease the amount of state taxes on spirituous liquors distributed to the non-served T.V.A. counties as necessary to make the total amount paid to such counties for the fiscal year ending September 30, 2011 equal to the amount of T.V.A. payments such counties would have received T.V.A. payments prior to the amended distribution (Sec. 2).

Full Bill Text

Vote Smart's Synopsis:

Vote to override a veto of a bill that repeals payment of in-lieu-of-taxes payments by the Tennessee Valley Authority to dry counties or municipalities not served by the T.V.A., and replaces those funds with money from increases on state spirituous liquors taxes.

Highlights:

• Reduces the distribution provided to the dry counties and municipalities that are not served by Tennessee Valley Authority by an amount equal to the funds allocated to those dry counties and municipalities from liquor tax revenues until the aggregate annual amount of revenue received by those dry counties and municipalities is equal to the amount of T.V.A. payments distributed to the dry counties and municipalities therein for the fiscal year ending September 30, 2009 (Sec. 1).

• Requires that until the aggregate annual amount of liquor tax distributions to the dry counties and municipalities not served by T.V.A. is equal to the amount of T.V.A. payments distributed to the dry counties and municipalities for the fiscal year ending September 30, 2009, the annual amount by which any payments to such counties and municipalities are reduced by liquor tax revenues of this act be distributed to the counties served by T.V.A. Thereafter, all payments distributed shall be distributed to the counties served by T.V.A. (Sec. 1).

• Requires that the distributions to Limestone County, to Madison County, to Marshall County, and to Morgan County provided in this subsection be allocated by local law (Sec. 1).

• Requires that the additional distributions to the above listed counties be held by the respective county separate and apart from other T.V.A. distributions and not be expended by the county until the effective date of the local law providing for the allocation of such funds (Sec. 1).

• Requires that, for the fiscal year ending September 30, 2011, there be an adjustment to increase or decrease the amount of state taxes on spirituous liquors distributed to the non-served T.V.A. counties as necessary to make the total amount paid to such counties for the fiscal year ending September 30, 2011 equal to the amount of T.V.A. payments such counties would have received T.V.A. payments prior to the amended distribution (Sec. 2).

Full Bill Text

Vetoed by Governor Bob Riley

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill that repeals payment of in-lieu-of-taxes payments by the Tennessee Valley Authority to dry counties or municipalities not served by the T.V.A., and replaces those funds with money from increases on state spirituous liquors taxes.

Highlights:

• Reduces the distribution provided to the dry counties and municipalities that are not served by Tennessee Valley Authority by an amount equal to the funds allocated to those dry counties and municipalities from liquor tax revenues until the aggregate annual amount of revenue received by those dry counties and municipalities is equal to the amount of T.V.A. payments distributed to the dry counties and municipalities therein for the fiscal year ending September 30, 2009 (Sec. 1).

• Requires that until the aggregate annual amount of liquor tax distributions to the dry counties and municipalities not served by T.V.A. is equal to the amount of T.V.A. payments distributed to the dry counties and municipalities for the fiscal year ending September 30, 2009, the annual amount by which any payments to such counties and municipalities are reduced by liquor tax revenues of this act be distributed to the counties served by T.V.A. Thereafter, all payments distributed shall be distributed to the counties served by T.V.A. (Sec. 1).

• Requires that the distributions to Limestone County, to Madison County, to Marshall County, and to Morgan County provided in this subsection be allocated by local law (Sec. 1).

• Requires that the additional distributions to the above listed counties be held by the respective county separate and apart from other T.V.A. distributions and not be expended by the county until the effective date of the local law providing for the allocation of such funds (Sec. 1).

• Requires that, for the fiscal year ending September 30, 2011, there be an adjustment to increase or decrease the amount of state taxes on spirituous liquors distributed to the non-served T.V.A. counties as necessary to make the total amount paid to such counties for the fiscal year ending September 30, 2011 equal to the amount of T.V.A. payments such counties would have received T.V.A. payments prior to the amended distribution (Sec. 2).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that repeals payment of in-lieu-of-taxes payments by the Tennessee Valley Authority to dry counties or municipalities not served by the T.V.A., and replaces those funds with money from increases on state spirituous liquors taxes.

Highlights:

• Reduces the distribution provided to the dry counties and municipalities that are not served by Tennessee Valley Authority by an amount equal to the funds allocated to those dry counties and municipalities from liquor tax revenues until the aggregate annual amount of revenue received by those dry counties and municipalities is equal to the amount of T.V.A. payments distributed to the dry counties and municipalities therein for the fiscal year ending September 30, 2009 (Sec. 1).

• Requires that until the aggregate annual amount of liquor tax distributions to the dry counties and municipalities not served by T.V.A. is equal to the amount of T.V.A. payments distributed to the dry counties and municipalities for the fiscal year ending September 30, 2009, the annual amount by which any payments to such counties and municipalities are reduced by liquor tax revenues of this act be distributed to the counties served by T.V.A. Thereafter, all payments distributed shall be distributed to the counties served by T.V.A. (Sec. 1).

• Requires that the distributions to Limestone County, to Madison County, to Marshall County, and to Morgan County provided in this subsection be allocated by local law (Sec. 1).

• Requires that the additional distributions to the above listed counties be held by the respective county separate and apart from other T.V.A. distributions and not be expended by the county until the effective date of the local law providing for the allocation of such funds (Sec. 1).

• Requires that, for the fiscal year ending September 30, 2011, there be an adjustment to increase or decrease the amount of state taxes on spirituous liquors distributed to the non-served T.V.A. counties as necessary to make the total amount paid to such counties for the fiscal year ending September 30, 2011 equal to the amount of T.V.A. payments such counties would have received T.V.A. payments prior to the amended distribution (Sec. 2).

Full Bill Text