After state lawmakers approved — for the first time in generations — a cutback in the sales tax on groceries, cities like Daphne and beyond could be studying if they can also offer relief at the grocery check-out aisle.
Alabama’s existing tax structure relies heavily on the sales tax to fund government. And it’s more pronounced on the local level. According to the Tax Foundation – a Washington, D.C.-based think tank that studies U.S. tax policy –The sales tax on groceries is also a crucial funding source for small towns and cities that dominate Alabama’s landscape where few retailers are present aside from dollar stores and a grocery store.
In Birmingham, the sales tax rate on groceries is 10% broken down by 4% to the state, 4% to the city, 1% to Jefferson County and additional 1% special district tax. The remainder of the state’s overall 4 percent sales tax on food – which could be 2% by next fall – could also eventually come off. If the full 2% is removed, it could save a family of four around $300 a year in groceries, though Jones said it could be lower at around $200 to $250 a year. A joint study commission on grocery taxation,
Few cities are likely to study cutting their local sales tax cut. Tuscaloosa, however, plans to take a dive into the issue, according to Mayor Walt Maddox. He said in the coming weeks, the city attorney’s office and the CFO and budget team will provide an update analysis for consideration in the mayor’s fiscal year 2024 operating budget, which begins Oct. 1.
“We are a low tax state and we clearly have to make choices going forward with tax cut measures,” said state Rep. Danny Garrett, R-Trussville. “We have to look at how we tax people and what our tax polices are.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Gas prices, vehicle sales and production: Track changes in AlabamaCheck out the peaks and valleys in volatile local gas prices, and track motor vehicle sales, financing and production.
Lire la suite »
Supreme Court sides with Black voters, rules Alabama's congressional maps violate Voting Rights ActBlack voters had challenged the redrawing of the 2022 election maps.
Lire la suite »
Nickelback to perform in Alabama on ‘Get Rollin’’ tour: How to get tickets.Nickelback is set to play on Sept. 16 at oakmtnamp in Pelham, promoter RedMountainEnt announced on Thursday. The bill also includes brantleygilbert and asnellofficial.
Lire la suite »
Governor Kay Ivey increases teacher's salaries; Will it be enough to recruit and retain teachers?Alabama teachers will receive a pay bump this next school year.
Lire la suite »
Alabama prisoner who escaped with jailer's help gets life sentenceAn Alabama prisoner received a life sentence on Thursday for escaping with the help of a jail official who ultimately took her own life as police closed in
Lire la suite »
Alabama governor signs bill designating official state cookie, the creation of a talented 4th graderAlabama designated the 'Yellowhammer Cookie' as its official state cookie, after hard work from an intrepid 4th-grade class in Montgomery. Here are details about the sweet treat.
Lire la suite »