Tax reform program to help small businesses

WVAS | By Melanie Hogan

Published September 27, 2023 at 4:10 PM EDT

Governor Kay Ivey announced a tax reform program for small businesses. Starting on October 1, 2023 more than 3,000 Alabama small businesses will no longer be required to pay monthly estimated sales taxes.

The new law removes the monthly estimated sales tax requirement for businesses with less than $20,000 in average monthly sales tax liability.

Small businesses will be required to pay sales taxes based on the previous month’s sales tax receipts, payable in monthly installments on or before the 20^th of the month.

Governor Ivey signed the bill into law on June 9, 2023.

Businesses may contact the Alabama Department of Revenue’s Sales Tax Administration Section for more information.

Archives

Melanie Hogan

Melanie began her career as a work study student, working in the areas of news reporting, anchoring and news-gathering. After graduating from Alabama State University, she worked as a production assistant at the local NBC affiliate, WSFA-TV. As a News Director at WVAS-FM, Melanie leads her team to produce award- winning newscasts and talk shows. Her professional achievements includes News Reporter of the Year for a number of years and awards for talk show producer, by the Alabama Broadcasters Association and the Associated Press. She is an active member of the Montgomery Area Chamber of Commerce. Her goals are to expand the reach of WVAS FM into more homes locally, regionally and nationally.

See stories by Melanie Hogan