At the halfway point of the Alabama Legislature’s 2022 regular session, one chamber has approved a record general operating budget for the state and the education budget is scheduled to be in committee next week. Another whirlwind, three-day legislative week…
Federal COVID-related child, earned income and dependent care tax credits or advance payments are now shielded from Alabama’s state income tax. Act No. 2022-37, which the governor signed Wednesday, allows individual taxpayers to calculate their federal income tax deduction without…
Legislation introduced Feb. 22 would have established a program within the Department of Labor to assist small businesses with job creation. It never received committee consideration. Under HB398, the department would have had an Alabama Job Creation Ombudsman who would help…
The Alabama Legislature in the fifth week of the regular session gave final approval to tax measures to benefit businesses and individual taxpayers. About 75% of Alabama businesses will be exempt from business personal property taxes and almost 2,500 businesses…
The Alabama Legislature continued its three-legislative-day schedule this week with bills expanding broadband and easing the tax burden on working Alabamians among the legislation clearing at least one chamber. More tax cuts and creating a seasonal employee classification may be…
Alabama employers should pay less in unemployment compensation insurance tax this year, thanks to legislation the governor signed into law Jan. 28. Most employers should see a 29% reduction in their tax liability in 2022, Alabama’s labor secretary said. “These…
Alabamians spent a record-shattering $17 billion in November and December 2021, capping off a year like no other. Sales in the traditional holiday shopping months grew 15.4% compared to the same months in 2020. Sales tax collections for all of…
The Alabama Legislature resumed its regular session this week, putting in three legislative days instead of the traditional two. House Speaker Mac McCutchen said the intention is for the session to continue at a similar fast pace. About 75% of…
Legislation that would have allowed employers to designate certain employees as seasonal workers never made it to a vote in the full Senate. On Feb. 2, the Senate Fiscal Responsibility and Economic Development Committee approved SB100 by Sen. Chris Elliott,…
Gov. Kay Ivey today signed into law legislation that will mean an immediate tax reduction for Alabama employers. The appropriations made using federal American Rescue Plan Act funds returns the Alabama Unemployment Compensation Insurance Trust Fund to almost pre-pandemic levels, which…