Kay Ivey on Corporations

	Kay Ivey on Corporations

For a $200M competitive grant program for small business

I am proposing we invest even more into our locally owned businesses--the ones engrained into the DNA of our communities--through a $200 million grant program known as our Main Street Program. These competitive grants will help revitalize our small cities and towns. When folks think of main streets, they should think of Rural Alabama! Source: 2023 State of the State Address to Alabama legislature , Mar 7, 2023

Tax relief to job creators and small businesses

Unlike the federal government who continues to increase the burden on small businesses through programs like ObamaCare, Alabama House Republicans are focused on providing needed tax relief to job creators. Currently, when Alabama small business owners make sales tax payments, they are required to front the money based on an educated guess of the amount.

The Small Business Tax Relief Act will raise the threshold for making these estimated payments from $1,000 to $2,500 per month. This could provide approximately 6,000 Alabama small business owners with an immediate, one-time tax cut of up to $2,500 and will inject approximately $4.6 million into the Alabama economy.

Under the Tax Elimination Act, we will give authority to the Alabama Department of Revenue to suspend taxes and fees when the cost of collecting the tax exceeds the amount of revenue the tax brings in.

Source: 2014 Alabama Lt. Governor campaign website KayIvey.org , Oct 30, 2014

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