Alabama lawmakers change tax rebate proposal again

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Alabama lawmakers change tax rebate proposal again
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The amount of a proposed rebate — which would be paid from a $2.8 billion surplus from the Education Trust Fund — is contentious, and has changed several times. The rebate bill moves to the House, which could consider it as early as Thursday. Details:

Today, the House Ways and Means Education budget committee doubled the amount approved by the Senate, setting it at $210 for individuals and $420 for couples.from the Education Trust Fund. The surplus is available because tax revenues to the ETF exceeded expenditures during the last fiscal year, which ended Sept. 30.

The budget committee is considering a separate bill to allocate the remainder of the surplus.I would like to thank the Alabama House for their work towards providing meaningful relief for working Alabamians and our families. I committed we would provide immediate and responsible relief, and the House helped us take a step by moving the rebates forward today.

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