Governor Ivy Signs Bill to Exempt Overtime Pay from 5% State Income Tax
Dent Moses
JUNE 14, 2023
The Alabama Legislature recently passed HB217 which was signed into law by Governor Ivy. The bill eliminates the 5% tax on overtime pay for a fixed period of time. Key Provisions: The bill exempts Alabama state tax withholding on overtime from January 2024 through June of 2025 – extension will require a renewal by lawmakers.
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