While the day has arrived to pay your federal taxes, Alabama has an automatic six-month extension to file. That means more money could stay in your wallet this tax season after bills from the 2022 legislative session provided financial relief
“There’s like 23,000 businesses in the state that this will affect,” said state Rep. Steve Clouse, R-District 93, “so it’s, it’s a pretty big hit to the general fund.”“We’ve done well in our budgets here over the last couple of years,” said Clouse, who believes the state can afford to take the hit, not just for businesses, but for Alabamians as well.
“Looking at our average refunds this year, as compared to last year, it’s a little skewed,” said Kathleen Abrams, the director of the Income Tax Administration Division of the Alabama Department of Revenue. Exemption from ad valorem tax of grain bins used exclusively for the purpose of storing, holding, drying, preserving, or otherwise preparing a grain for market;
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