In 2023, lawmakers passed legislation exempting overtime wages from taxes. House Bill 217 (HB 217), led by House Minority Leader Anthony Daniels (D-Huntsville), removed the state income tax obligation for a full-time, hourly wage employee for work performed above 40 hours a week.
The 2023 session saw the legislature enact the largest budgets in state history. And while progress was made on tax relief efforts, more of your money should be returned to you.
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.
Alabama’s government had a more than $3 billion combined budget surplus entering 2023. Yet lawmakers still seem reluctant to give “too much” of that surplus back to its rightful owners.
While much of the attention during the 2023 regular legislative session has been given to tax cut and rebate proposals, there are numerous tax credit and exemption bills also moving through the Alabama Legislature.
Underpayments, overpayments and retirement account reporting problems have been plaguing city employees' paychecks since July.