The talk of the legislature pursuing meaningful tax cuts during the 2023 regular session continues to pick up momentum.
While some argued against the tax, almost everyone in attendance agreed on one thing: the Marshall County School System is in dire financial need.
Alabama has the worst tax climate for businesses in the Southeastern United States, according to the 2023 State Business Tax Climate Index released Tuesday.
A gas tax increase passed from the Rebuild Alabama Act of 2019 raised about $24 million, or 7.5%, more in revenue than initially expected in the most recent fiscal year.
In fiscal year 2022, Alabama’s state government collected over $13 billion in total revenue. It marked the fourth straight year that the state has had a revenue surplus of at least $600 million.
Is it possible that the elected leadership in Montgomery believes that we don’t have enough revenue? Not at all. The numbers don’t lie, and Alabama has more cash on hand than we’ve ever had.
The argument that an economic recession is coming, and the state must be fiscally responsible to weather that storm, does not line up with the actions of the legislature over the last four years.
The incremental nature of taxation aids in its universal acceptance, but one point should be made in regards to government money: it doesn’t exist.
Last Friday marked the end of the 2022 fiscal year. For state government, it was another record-breaking year.
In another sign that Alabama needs to pass major tax relief soon to remain competitive with much of the rest of the nation, South Dakota Gov. Kristi Noem and West Virginia Gov. Jim Justice both announced major tax cut proposals for their respective states this week.
Houston County Commissioners approved a property tax increase benefitting the Houston County Healthcare Authority on Monday.
The Alabama Jobs Act is set to expire on July 31, 2023, meaning that economic incentives could be a major topic during next year’s regular legislative session.
State Sen. Arthur Orr (R-Decatur), the Senate Education Budget Committee chairman, had previously floated the idea of one-time tax rebates.
“I think they deserve it.” That is what House Majority Leader Nathaniel Ledbetter (R-Rainsville) said last week when asked about the possibility of using state government’s record revenue surplus to provide Alabamians with a one-time tax rebate.
Thirty-two states have enacted some form of tax relief for citizens in 2022. Missouri is poised to become the 33rd.
Alabama was the only state in the Southeast to not offer its citizens any broad-based, major sales or income tax relief in 2021 or 2022.
Alabamians likely won’t owe any state taxes on the amount received from President Joe Biden’s student loan forgiveness plan announced last week.
An effort to increase property taxes in Daphne is catching voters by surprise during Tuesday’s special election. According to a group of critics, this was deliberate.
If State Sen. David Sessions (R-Grand Bay) has his way, he would completely eliminate the business personal property tax.
Friday begins Alabama's 17th annual Back to School Sales Tax Holiday.
By Brandon Moseley On Monday, September 27 U.S. Senator Tommy Tuberville (R-Alabama) announced that he introduced a new bill that would...