Current through the 2024 legislative session
Section 39-22-111 - Distribution(a) The proceeds from the tax imposed by this chapter shall be distributed by the department as follows: (i) Sixty percent (60%) shall be distributed to the counties in this state where the generating facility is located. The amount shall be proportionately distributed to each county based upon the percentage of the assessed value of the generating facilities located within the county as compared to the total assessed value of generating facilities located within the state;(ii) Forty percent (40%) shall be deposited in the state general fund, with receipt and acknowledgement submitted to the state treasurer.Amended by Laws 2015 , ch. 12, § 1, eff. 7/1/2015.This section is set out twice. See also 39-18-111, as amended by Laws 2015 , ch. 12, § 1, eff. 7/1/2015.