Will you still be receiving a $800 payment from the state?

Jake Wells

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If you're a taxpayer in Alabama, you probably heard that about payment of up to $800 coming your way according to an update. The state's government collected over $13 billion in the 2022 fiscal year. Governor Ivey wants to send the money back to taxpayers.

Gov. Ivey’s proposed one-time tax rebate is around double the amount that many lawmakers discussed initially. This rebate, however, will go to those who filed state income tax returns and meet the income threshold. (source)

But now the support for this $800 payment has softened. According to House Education Budget Chairman Danny Garrett,“You take a rebate and you divide it over multiple classes,” Garrett added, “and it may be significant or it may not be significant. You’re probably excluding people that are not going to be happy if they don’t get a rebate. Some people say for that amount of money, I would rather you do something for my local school or something that would be an investment of some type.”

Where do we stand right now in terms of this state cash surplus?

It looks like if there is a rebate, it will be for a lower amount if it is sent at all. Right now, government officials are now trying to figure out how best to put it to use. Lawmakers appear poised to cut Alabama’s tax on groceries, and Orr is shepherding tax cuts for those at the lowest level of the income scale.

What do you think the state should do with this overage of cash?

Please feel free to share your thoughts in the comments.

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Disclaimer: Please note that this article is only for educational and informational purposes.

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