With budget surplus, Alabama lawmakers consider tax rebates

Dollar 726882 1920


Associated Press

MONTGOMERY, Ala. (AP) – Alabama lawmakers are eyeing possible tax rebates as the state sees a $3 billion budget surplus.

Sen. Arthur Orr, who chairs the Senate education budget committee, said lawmakers are working with Gov. Kay Ivey on a proposal, but he expects that plan to include rebate checks to taxpayers.

He said the proposal would provide $200 to $250 to individuals and double that for married couples who file their taxes jointly.

The state budget that funds education has a $2.7 billion surplus, and the state general fund has a $351 million surplus, according to the Legislative Services Agency.

Read the full story on AP News right here.

(Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.)

1/11/2023 6:02:31 PM (GMT -6:00)

Categories: Alabama News