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Hometax rate

Posts tagged: tax rate

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Alabamians deserve permanent tax relief, not just a one-time check

October 19, 2022
by Justin Bogie EditorialsFiscal Policy

In fiscal year 2022, Alabama’s state government collected over $13 billion in total revenue. It marked the fourth straight year the state has had a revenue surplus of at least $600 million. The $2 billion revenue surplus of 2022 marked a 15% growth c ...

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Permanent tax relief is ‘very important’ to Alabamians

October 12, 2022
by Justin Bogie EditorialsFiscal Policy

Appearing Friday night on Alabama Public Television’s “Capitol Journal,” State Senate President Pro-Tem Greg Reed (R-Jasper) said that Alabama’s record $2 billion revenue surplus was a “one-time thing” should not be spent like “water through our fing ...

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Election-Year Expectations Resize

Another ‘record’ surplus in 2022 proves that Alabama can afford historic tax relief

October 10, 2022
by Justin Bogie EditorialsFiscal Policy

Last Friday marked the end of the 2022 fiscal year. For the Alabama state government, it was another record-breaking year. In 2022 the state took more tax dollars from citizens than ever before, ending the year with a $2 billion revenue surplus. In t ...

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Lower taxes, better education are keys to attracting business to Alabama, not incentives

October 3, 2022
by Justin Bogie EditorialsFiscal PolicyUncategorized

The Alabama Jobs Act is set to expire July 31, 2023, meaning that economic incentives could be a major topic of interest during next year’s regular legislative session. The chatter has already begun. Last month, Alabama Secretary of Commerce Greg Can ...

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