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Georgia State Taxes Article
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Useful Information on Alabama State Taxes
from:Alabama State taxes the income of its residents with rates of 2 percent, 4 percent and 5 percent. More on Alabama State taxes can be found below:
1) Personal Income Tax
Alabama State taxes its residents at the following rates. For single persons, heads of families and married persons filing separate returns:
- 2% on the first $500 of taxable income
- 4% on taxable income between $501 and $3,000
- 5% on all taxable income over $3,000.
For married persons filing joint returns:
- 2% on the first $1,000 of taxable income
- 4% on taxable income between $1,001 and $6,000
- 5% on all taxable income over $6,000.
File Form 40 by April 15 or the next business day if the 15th falls on a weekend or holiday. The Alabama Department of Revenue is following the federal lead, giving its taxpayers an extra filing day to complete state returns. Individual income tax returns can be downloaded as online forms. Filers have the option of completing an online form in which they can enter data. It will make calculations and compute the amount of tax due. Then, the completed form can be printed and mailed.
2) Sales Tax
Alabama's Sales and Use Tax Section administers, collects and enforces taxes in 16 different categories. Alabama's general tax rate is 4 percent on purchases of tangible property. The State of Alabama administers over 200 different city and county sales taxes. The collection of these additional taxes could make some jurisdictions' overall sales tax rate substantially higher than 4 percent.
3) Personal and Real Property Taxes
The Property Tax Division of the Alabama Department of Revenue supervises and controls the valuation, equalization and assessment of ad valorem taxes of all properties in the state. Additionally, the office provides guidance to the country officials in the performance of their official duties.
A homestead exemption is granted by the state on real property taxes, with a larger exemption available to older or disabled taxpayers. One who wants to apply for homestead exemption may contact either the tax assessor or revenue commissioner of that county. More information is available at the Property Tax Division's website.
4) Inheritance and Estate Taxes
Alabama estate tax returns, affidavits of estate tax and estate tax waivers are no longer required for estates that belong to owners who died after Dec. 31, 2004. Sept. 30, 2005 was the final reporting date for any 2004 estate tax liabilities.
Other Facts about Alabama State Taxes:
Alabama offers free online filing to its taxpayers. Taxpayers can get additional information from one of the state's Taxpayer Service Centers. Alabama State Taxes law provides for an annual sales tax holiday that begins at 12:01 a.m. on the first Friday of August and ends at the following Sunday midnight. However, counties and cities may choose whether to participate or not.
Georgia State Taxes News
Heard in more states: See you in tax court! - Chicago Tribune
Heard in more states: See you in tax court! Chicago Tribune (Reuters) - Georgia State Representative Allen Peake owns 20 restaurants and this year he took his frustrations with his tax bills to the state capitol, where he helped push through legislation creating a new state tax court. |
Perfect storm brewing in Georgia school finance - Barrow Journal
Perfect storm brewing in Georgia school finance Barrow Journal School systems can only use sales taxes for specific building projects, not general expenses. Locally, school systems can only levy property taxes for revenue. 2. School systems are heavily dependent on state funding, but the state has been cutting ... |
Ga. needs job growth, economic leader tells Chamber - Gainesville Times
Ga. needs job growth, economic leader tells Chamber Gainesville Times Cummiskey addressed a chamber luncheon, held at the Georgia Power Pavilion overlooking Lake Lanier, ahead of a trip to Turkey with Gov. Nathan Deal and other state leaders in an effort bolster business and trade opportunities with that nation. Hall County lauded for economic development approach |
Stalnaker, Hines voice opposition to T-SPLOST - The Warner Robins Patriot
Stalnaker, Hines voice opposition to T-SPLOST The Warner Robins Patriot Houston and ten other Middle Georgia counties will vote on the issue July 31 along with 11 other regional commission districts in the state. The vote will be tallied by district rather than state wide. The Middle Georgia district has 76 projects at ... |
Broke Vallejo is model of austerity - Bend Bulletin
Broke Vallejo is model of austerity Bend Bulletin Even before revenue slowed, the state was facing unique constraints on public finances because its laws make it difficult to raise taxes. The dire conditions, however, have made California a laboratory for how to run cities in an age of austerity. |