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Gov. Ivey announces major tax reform to benefit small businesses

MONTGOMERY, Alabama — Governor Kay Ivey today announced the implementation of a major tax reform initiative that will that lessen burdens on many Alabama small businesses.

Effective October 1, 2023, more than 3,000 Alabama small businesses will no longer be required to pay monthly estimated sales taxes to the state Department of Revenue.

“Alabama’s economy is anchored in the stability and prosperity of many thousands of hard-working small businesses,” Governor Ivey said.  “In my 2023 State of the State Address, I called on the Legislature to help lower the financial load shouldered by most small businesses, making it easier for them to thrive in a challenging national economy.”

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