This proclamation will allow Alabama citizens and businesses to avoid paying state taxes on certain benefits received under the federal CARES Act. It also would extend the sunset dates for the Alabama Jobs Act and Growing Alabama tax credits.
This proclamation directs the revenue commissioner to alter the tax-return forms and instructions to ensure that Alabama citizens and business will not have to pay taxes to the state government on the financial benefits they received from Congress through the CARES Act such as tax credits, advance refunds, and loan forgiveness.
