Alabama families could soon pay less at the grocery store after lawmakers Thursday voted to remove half of the 4% state sales tax on food. alpolitics
MONTGOMERY, Ala. — Alabama families could soon pay less at the grocery store after lawmakers Thursday voted to remove half of the 4% state sales tax on food.
The bill would reduce the 4% tax on food to 3% on Sept. 1. It would drop to 2% on Sept. 1, 2024, provided that tax collections to the Education Trust Fund are projected to rise more than enough to offset the loss. The Senate on Thursday quickened the pace of the tax removal but also increased the required revenue growth from 2% to 3.5% to safeguard against a loss in education funding. The House accepted the change on Thursday afternoon.
If the growth requirement isn't met to drop the tax to 2% in 2024, it would be reduced in the next year that the growth requirement is satisfied.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Longtime coordinator of Alabama State’s Turkey Day Classic Parade diesAlabama State University is mourning the loss of its longtime marketing and communications coordinator of the Turkey Day Classic Parade.
Leer más »
Alabama lawmakers approve cut in state’s 4% grocery taxAlabama families could soon pay less at the grocery store after lawmakers on Thursday approved a plan to remove half of the 4% state sales tax on food.
Leer más »
Alabama Department of Labor reports economic milestones in 2022The Alabama Department of Labor says the state's unemployment rate is 2.2%, an all-time low for Alabama.
Leer más »
Alabama bans collegiate transgender athletes from female sports teamsOn Tuesday, Alabama Gov. Kay Ivey signed legislation that will ban transgender women from playing on female sports teams in college, becoming the latest state to place restrictions on transgender athletes.
Leer más »
Alabama inmate set for execution asks to die by nitrogen, calls recent lethal injections ‘botched’Lawyers for an inmate who is soon set to die in Alabama are arguing he should be executed by the state’s newly approved, but not yet tested, nitrogen hypoxia method.
Leer más »