Gov. Kay Ivey has signed a bill into law that will provide tax relief for small businesses in Alabama.
The bill, titled HB 82 or the Small Business Relief and Revitalization Act of 2022 was sponsored by Rep. Danny Garrett (R – HD44).
“Small businesses are the pillars of our communities and Alabama’s economy. The Small Business Relief and Revitalization Act will provide much needed and deserved tax relief for these folks,” said Ivey in an announcement.
“I am grateful to the Alabama Legislature for getting this important piece of legislation across the finish line. I look forward to continually supporting Alabama’s many small businesses.”
The act provides corporate and income tax relief provisions, along with sales tax and business personal property tax relief for small businesses.
For more details, see the announcement here.
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