overtime pay
Millions more workers would receive overtime pay under proposed Biden administration rule
Salaried workers who have been ineligible for overtime pay would benefit from a proposed Biden administration regulation. The Department of Labor’s new rule would require employers to compensate full-time workers in management, administrative, or other professional roles for any overtime worked if they make less than $55,068 annually. Currently, the salary threshold is $35,568. The […]
Overtime tax exemption passes into law without cap
A bill to exempt overtime pay from the state income tax got final approval Tuesday, and without a cap. Gov. Kay Ivey returned the bill to the chamber with an amendment removing a proposed $25 million limit on aggregate credits out of the Education Trust Fund and pushing a sunset provision on the credits from […]
Alabama Democrats, Republicans support bill to eliminate tax on overtime pay
The Alabama legislative leadership are united on at least one front: eliminating income tax on overtime pay. HB217, sponsored by House Minority Leader Anthony Daniels, would eliminate the state income tax on overtime work. The rate is 5% on yearly incomes of $3,000 or more. The bill has drawn several co-sponsors, including Alabama House Speaker […]