Montgomery, AL – Governor Kay Ivey signed into law a handful of bills that she states will deliver on her promises and will benefit Alabamians now and in the future.
During the governor’s inaugural and state of the state addresses, she emphasized the importance of improving school choice in Alabama. She said those efforts must begin with improving the school choice Alabama already has: Public charter schools and the Alabama Accountability Act scholarship program. The Legislature answered that call by passing both House Bill 363 and Senate Bill 263. Upon signing those bills in her office earlier today, the governor then issued the following comment:
“While some parents in other states are finding themselves being forced aside, here in Alabama, we believe strongly that a parent should be able to decide what is best for their own child’s education. To help support high quality education and create more choices for parents, I have prioritized improving school choice. Both HB363 and SB263 will certainly help us make progress, and the bill sponsors Representative Terri Collins and Senators Donnie Chesteen and Will Barfoot did yeomen’s work in getting this needed legislation across the finish line. I am proud to put my signature on these two bills so that more students have an opportunity for a strong educational experience.” – Governor Kay Ivey
Governor Ivey also championed funding charter schools, in addition to this needed legislation.
The governor has also said that today’s economy is hurting working families and businesses all across the country. That is why she has committed to providing relief in the pocketbooks of Alabamians and supporting businesses while also being responsible with taxpayer dollars. House Bill 217 by Minority Leader Anthony Daniels, which eliminates income taxes on all overtime pay for Alabama hourly workers, does just that. Prior to signing HB217, Governor Ivey added an executive amendment to remove the $25 million annual cap, move up the program’s sunset date to June 30, 2025 and add reporting requirements to better monitor the fiscal impact of the overtime-pay exemption on the State’s Education Trust Fund. After signing HB217, she issued the following statement:
“Today’s national economy presents challenges for working families, especially our blue-collar, hourly workers. The men and women of the Legislature, alongside my Administration, have worked diligently to provide relief to Alabamians wherever possible while also being mindful of the fact our budgets will not always be in a place of such surplus. By eliminating state income taxes on all overtime pay, we are directly putting more hard-earned money into the pockets of our hardest, most dedicated workers and helping our employers overcome workforce shortages, which has become one of their biggest challenges. I appreciate Minority Leaders Daniels and the Legislature’s measured approach on this bill, and I’m proud to sign it into law.” – Governor Kay Ivey
Governor Ivey also signed House Bill 293 related to port credits. The governor then gave the following comment:
“As Alabama’s economy continues to grow, our public ports are valuable assets for businesses seeking to ship their in-demand products through the state. This legislation, which increases port-use tax credits, will encourage businesses engaged in manufacturing, warehousing or distribution in the state to increase the volume of the cargo they ship through Alabama’s public ports. A compliment to Alabama’s successful ‘Game Plan’ economic incentives package which I signed into law in April, this legislation will also attract more jobs and investment to our state.” – Governor Kay Ivey
Governor Kay Ivey on Friday signed House Bill 77, making good on her promise to help small businesses in Alabama.
During Governor Ivey’s 2023 State of the State Address, she called on the Legislature to help create greater economic stability for Alabama businesses operating in a challenging national economy. Specifically, she proposed lawmakers reduce the financial load shouldered by small businesses by passing legislation lowering their prepaid sales tax burden. House Bill 77 increases the threshold for submitting estimated monthly sales tax payments from $5,000 to $20,000 in average monthly sales tax liability.
Upon signing this legislation, Governor Ivey issued the following statement:
“Our economic stability begins and ends with the success of our small businesses, and it’s imperative that leaders at all levels of government actively look for ways to cut red tape and help them thrive,” said Governor Ivey. “Eliminating the requirement for our small businesses with less than $500,000 in monthly sales to prepay taxes is a no-brainer. It not only frees up capital but also allows owners to focus solely on turning a profit every month and staying in business. This is an example of good government, and I commend the men and women of the Legislature for passing this bipartisan legislation for the people of our state.” – Governor Kay Ivey
The Alabama Department of Revenue estimates this legislation will positively impact over 3,000 small businesses in the state of Alabama.
