Reinstates exemption of overtime compensation from Alabama income tax.
This bill reinstates the exemption of overtime compensation from Alabama income tax, effective for the 2027 tax year. It requires the Department of Revenue and the Alabama Commission on the Evaluation of Services to conduct an economic impact study on the exemption. The study must include quantitative estimates of the economic effects of the exemption and be posted on the department's public website. The bill also makes technical revisions to update the existing code language.
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