Tag: INCOME TAX

Alabama lawmakers should cut the state’s individual income tax, according to former State Sen. Gerald Dial.

Georgia officials recently announced that they are considering eliminating their state income tax.

The American Legislative Exchange Council (ALEC) has released the 18th edition of its annual Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index, ranking Alabama in the top 20 for economic outlook. However, if the Yellowhammer State wants to out-compete its neighbors, it may have to change its income tax structure.

In a Tuesday interview on Birmingham radio's "Alabama's Morning News," State Rep. DuBose (R-Hoover) voiced her approval of Alabama reducing or eliminating its income tax like some of its neighboring states.

Last week, the Mississippi Legislature moved to eliminate its state income tax, putting the Magnolia State in line with Alabama's neighbors Tennessee and Florida, which are states without an income tax.

The Alabama Republican Party stands strong for tax cuts. We will keep fighting to ensure that every Alabamian – whether a small business owner, a hardworking family member, or a retired citizen – can thrive in a state that values liberty, hard work, and fiscal responsibility.

Starting Monday, the overtime pay of hourly workers in Alabama won’t be taxed by the state.

Alabama taxpayers will receive one-time tax rebates beginning this week.

Alabama ranks 39th in the nation for its business tax climate, according to a new study released on Tuesday.

Time is running out. Many bills that sought to reduce the tax burden of Alabamians have officially died. But several tax relief bills remained alive as Wednesday’s committee meetings wrapped up.

In a few days, the Alabama Legislature will begin the first session of the new quadrennium. In addition to both chambers having to deal with the constitutionally mandated duty of passing budgets, a $2.6 billion surplus leftover from the prior legislative session will also have to be handled.

Alabamians in counties under a disaster declaration by the Federal Emergency Management Agency (FEMA) from January storms now have until October to pay their taxes.

State legislators have consistently insisted the state can't afford to permanently cut income taxes, much less eliminate them altogether. Lawmakers have also strayed away from reforming the state’s retirement system, even as it reported negative returns in 2022. One economist says they’re all wrong.