Alabama Proposes Exemption Increase | AccountingWEB

Alabama Proposes Exemption Increase

A bill in the Alabama legislature would gradually increase the personal and dependent exemptions and standard deduction if growth in the Education Trust Fund exceeds three percent annually.

Under the bill, ALHB 277, increased exemptions and deductions would apply only to taxpayers with $100,000 AGI or less.

The bill was referred to the House Committee on Education Appropriations.

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