Tax change to benefit Alabama small businesses

Posted on AllSides September 28th, 2023
From The Center

Gov. Kay Ivey announced the implementation of a major tax reform initiative designed to lessen burdens on many Alabama small businesses. Effective Oct. 1, more than 3,000 Alabama small businesses will no longer be required to pay monthly estimated sales taxes to the state Department of Revenue. “Alabama’s economy is anchored in the stability and prosperity of many thousands of hard-working small businesses,” Ivey said. “In my 2023 State of the State Address, I called on the Legislature to help lower the financial load shouldered by most small businesses, making...

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