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Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-23-108

Disposition of Funds

Official textalison.legislature.state.al.us

The licensing official shall, after the deduction of the fee as provided in Section 40-23-107, remit the revenue collected hereunder to the Department of Revenue for deposit as follows:
Of the total two cents ($.02) tax on each dollar of sale, 58% of the total tax generated shall be deposited to the credit of the Education Trust Fund; and 42% of the total tax generated shall be deposited to the credit of the State General Fund. Provided, however, of the total of those funds derived from the state sales and use taxes collected on motorboats, 50 percent shall be paid to the State General Fund and 50 percent to the Education Trust Fund.

Last amended: Acts 1981, No. 81-665, p. 1086, §9; Acts 1988, 1st Ex. Sess., No. 88-867, p. 265, §6; Acts 1994, No. 94-622, p. 1162, §8; Act 99-650, 2nd Sp. Sess., p. 96, §1.

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In this chapter (40 sections)
  1. 40-23-64 · Agricultural Machinery or Equipment - Enforcement;…
  2. 40-23-65 · Credit for Sales or Use Tax Paid to Another State
  3. 40-23-66 · Retail Sellers to Register and Give Information
  4. 40-23-67 · Seller to Collect Tax; Seller Not to Assume or Absorb Tax
  5. 40-23-68 · Seller to File Returns
  6. 40-23-74 · Extension of Time for Making Return
  7. 40-23-75 · Deposit of Security
  8. 40-23-77 · Discount; Distribution and Expenditure
  9. 40-23-82 · Final Return of Retailer Selling Out; Purchaser to Retain…
  10. 40-23-83 · Records to Be Kept; Enforcement of Article; Promulgation of…
  11. 40-23-85 · Disposition of Funds Derived from Tax. (Amended by 2026-392…
  12. 40-23-88 · Penalties
  13. 40-23-100 · Definitions
  14. 40-23-101 · Sales Tax Levied on Automotive Vehicles, Motorboats, Truck…
  15. 40-23-102 · Excise Tax Levied on Storage or Use of Automotive Vehicles,…
  16. 40-23-103 · Sales Tax Levied on Sale Price Less Credit for Trade-In
  17. 40-23-104 · Collection of Taxes Before Registration or Licensing; Proof…
  18. 40-23-105 · Applicability of Certain Title 40 Provisions
  19. 40-23-106 · Reciprocity
  20. 40-23-107 · Fees
  21. 40-23-108 · Disposition of Funds
  22. 40-23-110 · Penalty for Failure to Pay Tax
  23. 40-23-111 · Authority to Adopt and Enforce Rules and Regulations
  24. 40-23-120 · Good Faith Violations
  25. 40-23-121 · Authorization to Collect or Recover Sales Taxes Due on…
  26. 40-23-130 · Calculation of Municipal or County Gross Receipts Tax
  27. 40-23-150 · Education Trust Fund Rainy Day Account
  28. 40-23-170 · Legislative Findings
  29. 40-23-171 · Definitions
  30. 40-23-172 · Delegates for Participation in Multistate Discussions
  31. 40-23-173 · Duties of Delegates; Agreement
  32. 40-23-174 · Distribution of Proceeds
  33. 40-23-190 · Conditions for Remote Entity Nexus
  34. 40-23-191 · Short Title; Definitions
  35. 40-23-192 · Simplified Sellers Use Tax Remittance Program
  36. 40-23-193 · Collection and Remittance of Simplified Sellers Use Tax;…
  37. 40-23-194 · Discount
  38. 40-23-195 · Rulemaking Authority; Recordkeeping
  39. 40-23-196 · Refund or Credit of Excess Taxes Paid
  40. 40-23-197 · Disposition of Funds
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