Act 2017-415, effective August 1, 2017, amends §11-3-11.3 and §11-51-208, removing the option for counties and municipalities to charge interest at the rate of one percent (1%) per month. The applicable interest rate to be charged by or due from the county/municipality shall be determined pursuant to §40-1-44, which links interest to the underpayment rate established quarterly by the United States Secretary of the Treasury under the authority of 26 U.S.C. §6621. Interest rate history can be found at http://revenue.alabama.gov/assessments/quarterly-interest-rates

The act also amends §11-51-194 regarding delivery licenses and issuance fees. 

Act 2017-415