Alabama to Exempt Overtime Compensation From State Income Tax, Starting January 1, 2024
Snippet of Article: "...On November 9, 2023, Alabama Governor Kay Ivey signed into law a bill that beginning on January 1, 2024, will make compensation received by full-time hourly wage-paid employees for overtime work performed in excess of 40 hours in a workweek exempt from Alabama state income tax. ...The new law will only apply to income for work performed on or after January 1, 2024, through June 29, 2025. ...Employers may want to take note of these new changes and may want to consider reviewing their payroll policies in light of the new requirements."
Source: www.natlawreview.com
