tax
Some states’ economies cool even as the nation’s sizzles
A still-roaring national economy grew at an unexpectedly robust 5.2% annual rate in the third quarter of this year, but early indicators show a more mixed picture for many states heading into the holidays. The preliminary unemployment rate rose in 38 states and economic output slowed in 32 states in October, according to a Stateline […]
Alabama House of Representatives approves one-time income tax rebate
The Alabama House of Representatives Thursday approved a one-time rebate for income taxpayers. HB 175, sponsored by Rep. Danny Garrett, R-Trussville, the chair of the House Ways and Means Education committee, passed the House on a 101-0 vote. The bill went to the Senate, where the body did not concur with the House changes, and […]
Report: Alabama’s Internet sales taxes benefitting rural counties, costing cities
Alabama’s Internet sales taxes have created winners and losers, according to a report released Monday from the Public Affairs Research Council of Alabama (PARCA). The report said that the state’s 8% tax on online goods, or the Simplified Sellers Use Tax (SSUT), has benefitted rural counties with little commercial activity, but reduced revenues to communities […]