Revenue – State tax system not reflecting modern economy

Revenue – State tax system not reflecting modern economy

Retirees,

The Joint Task Force for Budget Reform Committee met for the third time in Montgomery on December 14. Each meeting has featured different presenters and has been informative. Please read the article below and you will see that the State of Alabama has some real problems. Hopefully, this committee can address the issues and bring recommendations to Legislature. Please be sure to read the entire story especially suggestions made by the state Finance Director, Clinton Carter.

Janice J. Charlesworth
Executive Director
Alabama Education Retirees Association
800-537-6867 or 334-262-4177
Visit our website www.aerainc.org


Brian Lyman , Montgomery Advertiser9:28 a.m. CST December 15, 2016

A tax system engineered for the 20th Century might be one reason Alabama’s state revenue is growing slowly in the 21st.

Officials with the Department of Revenue told the Joint Committee on Budget Reform Wednesday that the state’s sales tax and many other traditional sources of revenue – including taxes on phones – were in decline because the state wasn’t keeping up with technology shifts.

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