May 29, 2023 Group Watch: Alabama Lawmakers Change Tax Rebate Again
Alabama lawmakers gave final approval to a tax rebate for Alabama taxpayers, passing a bill to provide $150 for individuals and $300 for couples filing jointly. Governor Ivey proposed a rebate of $400 for individuals and $900 for couples during her State of the State address in March. The Senate changed that to $105 for individuals and $210 for couples. The House passed a version to double that to $210 for individuals and $420 for couples. A conference committee settled on the amount on $150 and $300 for taxpayers who filed a state income tax return for 2021. The rebates will cost about $393 million, and the money will come from a $2.8 billion surplus in the Education Trust Fund.
