11 Dec Update from Alabama’s Governor Kay Ivey On The Taxability of CARES Act Benefits
Governor Kay Ivey’s supplemental emergency proclamation will allow citizens and businesses to avoid paying state taxes on certain benefits received under the federal CARES Act.
Per Governor Kay Ivey, “the state will not be collecting taxes from individuals or businesses who received benefits from the CARES Act [such as tax credits, advance refunds and loan forgiveness].”
(Source: Office of the Governor of Alabama)