MONTGOMERY, Ala. (AP) - Alabama Senate Republicans are proposing a modest tax cut that would allow more taxpayers to take the maximum standard deduction on their state income taxes.
Senate President Pro Tem Del Marsh said Thursday that it is a tax break that will help "working class and those who are lower income."
The bill would increase the adjusted gross income level where married taxpayers qualify for the full $7,500 standard deduction from $20,000 to $23,000.
Marsh said he estimated the proposal will cost the state $4 million to $6 million.
The Republican agenda announced Thursday also includes proposals to make child sex trafficking a capital offense; provide incentives for telecommunication companies to improve rural broadband access and establishing a process for Medicaid to recover funds from the estates of deceased individuals.
(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
1/11/2018 4:31:50 PM (GMT -6:00)
- Alabama Senate Republicans propose modest tax cut
- The Big Differences: House, Senate Tax Proposals
- Federal spending proposal would cuts billions
- Georgia Senate advances controversial adoption proposal
- Republican National Committee cuts fundraising ties to Roy Moore
- Accountants explain how you can benefit from new tax cut
- Alabama to enforce internet sales tax collections
- Alabama Senate votes to toughen fentanyl penalties
- Trump says Republican Roy Moore should concede Senate race
- AL Republican Gubernatorial Debate