sales tax

Alabama’s Reliance On Sales Tax

Report: Alabama ranks in the middle of states--29.9%

From the Tax Foundation “Today’s map highlights the extent to which sales taxes are responsible for tax revenue generation in each state. Washington – lacking both a corporate and an individual income tax but levying the harmful gross receipts tax on businesses – relies the most on sales tax revenue, which accounts for 45.9 percent of total tax collections. Tennessee,…

Alabama Severe Weather Sales Tax Holiday Runs Through Sunday

The state of Alabama is observing its annual sales tax holiday on severe weather preparedness items from February 23-25. This means certain equipment, gear and supplies will be exempt from the state’s 4% sales tax. Some counties and cities are dropping their local taxes as well, meaning shoppers in some areas won’t pay any sales tax on those items through…