After concluding the third legislative day of the 2022 regular session Tuesday, the Alabama Legislature reconvened Wednesday in a special legislative session to appropriate about $772 million in federal American Rescue Plan Act (ARPA) funds.
The appropriations bill includes up to $79.5 million to replenish the Unemployment Compensation Insurance Trust Fund, which could mean a 29% tax cut for the average employer. The legislation received committee approval Thursday and is headed for floor debate Tuesday, Jan. 25 – 1 p.m. in the House and 3:30 p.m. in the Senate. The employer tax rate schedule has dropped from Schedule D, the highest schedule possible, to Schedule C in 2022. Despite going to a lower schedule, without the extra pandemic funds, the average employer would be facing a 3% tax increase this year, state officials said. See full story in This Week in Retail News below.
Lawmakers expect to conclude the special session by Thursday, Jan. 27. The regular session will resume Tuesday, Feb. 1.
For legislative and other news of relevance to retailers,
read This Week in Retail News.
THIS WEEK IN RETAIL NEWS
Alabama’s unemployment rate remains steady at 3.1% (labor.alabama.gov)
Senate committee stalls bill seeking elimination of occupational tax (alreporter.com)
Severe weather sales tax holiday poster ready for download (alabamaretail.org)
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