Montgomery, AL –Governor Kay Ivey signed into the law a few bills she says will fulfill her promises and will benefit the people of Alabama today and in the future.
In the governor’s inaugural and state of the states addresses, she stressed the importance of enhancing school choices in Alabama. She said that these efforts should start with improving the schools of choices Alabama currently has. public charter schools as well as schools that are part of the Alabama Accountability Act scholarships program. The Legislature took action by approving the bills House Bill 363 as well as Senate Bill 263. After signing the legislation in the governor’s office earlier this morning the governor made the following statement:
“While certain parents from other states find themselves in a position of being pushed aside, in Alabama We believe that parents is entitled to choose which is the most suitable option to their child’s education. To support high-quality education and to provide more options for parents, I’ve focused on improving the choice of schools. Each of HB363 and SB263 will definitely assist us in making advancements, and the bill’s has sponsors Representative Terri Collins as well as Senators Donnie and Will Barfoot did yeomen’s work to get this legislation through the final hurdle. I am honored to sign my name on these bills so that all students have an chance to have a great education.” – Governor Kay Ivey
Governor Ivey also fought for the funding of charter schools as well as this necessary legislation.
The governor also has stated that the present economic climate is hurting business owners and families across the nation. That’s why she’s made a commitment to provide relief to the pockets of Alabamans and helping businesses while taking responsibility for the tax dollars of taxpayers. House Bill 217 of Minority Leader Anthony Daniels, which eliminates the income tax on paid overtime for Alabama hours-working workers will do exactly this. Prior to the signing of HB217 Governor Ivey made an executive amendment to eliminate the annual cap of $25 million as well as move the date of sunset for the program from June 30, 2025 to the 30th of June,, and include reporting requirements in order to evaluate the fiscal effect of the exemption for overtime on the state’s Education Trust Fund. Following the signing of HB217 she released this statement
“Today’s economy poses a number of difficulties for families with children and our blue-collar hourly workers. The members of the Legislature along with my Administration have worked hard to help Alabamans whenever possible, while being aware that our budgets may not always be in a position with such a surplus. In removing state income tax on overtime wages this bill directly puts more hard-earned cash into the pocket of our most employees as well as helping our employers get over labor shortages that have become one of their most difficult issues. I am grateful to the Minority Leaders Daniels as well as the legislature’s thoughtful approach to this bill, and I’m honored to be able to sign this bill in legislation.” – Governor Kay Ivey
Governor Ivey also signed House Bill 293 that dealt with port credits. Governor Ivey then made the following remarks:
“As the economy of Alabama continues to expand, our ports are a valuable asset for businesses looking to transport their most sought-after products across the state. This law, which will increase taxes on port use will help businesses involved with manufacturing, warehouses and distribution within the state to expand the amount of their cargo that they can ship through the state’s ports. In addition to Alabama’s success with its Game Plan economic incentives program that has been signed in the month of April by President Obama, this bill will also bring more investment and jobs into our state.” – Governor Kay Ivey
Governor Kay Ivey on Friday signed House Bill 77, making the most of her pledge to aid small-sized companies in Alabama.
In the Governor’s 2023 State-of-the State Address she asked the Legislature to work towards achieving greater stability in the economy of Alabama businesses that operate in an economic downturn for the nation. Particularly, she suggested lawmakers lessen the financial burden borne by small companies by passing legislation to reduce the tax burden they pay for sales tax prepaid. House Bill 77 increases the amount of the threshold to submit estimates of monthly sales tax payments between $5,000 and $20,000 in the average monthly tax obligation.
When the bill was signed at the time, Gov. Ivey made the statement below upon signing:
“Our prosperity starts and ends with the growth of small-scale businesses and it’s essential that officials in all levels search for ways to cut the red tape to help them flourish,” said Governor Ivey. “Eliminating this requirement that requires small-sized businesses that have under $500,000 of sales per month to pay taxes in advance is an easy decision. This not only frees capital, but also allows business owners to concentrate on generating a profit every month while remaining in business. This is a good example of good government and I congratulate the members and women who make up the Legislature for approving this bipartisan bill to benefit the citizens of our state.” – Governor Kay Ivey
The Alabama Department of Revenue estimates this legislation will impact positively more than 3,000 small businesses within Alabama. Alabama.
