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Dec 18, 2024
How do recent changes to Alabama's sales tax laws benefit small businesses and consumers?
Recent changes to Alabama's sales tax laws in 2024 benefit small businesses by exempting those with gross sales under $100,000 from state sales tax obligations, fostering entrepreneurship and growth. Consumers benefit from reduced sales tax rates on groceries, dropping from 4% to 3%, providing financial relief amid inflation. Additionally, incentives like lower tax rates on electric vehicles promote environmentally friendly purchases.



