ALABAMA residents are one step away from receiving a long-awaited tax refund of up to $300.
Both the House of Representatives and the state Senate have voted to provide direct payments of between $150 and $300 to most taxpayers.
Sole applicants would receive $150 while co-applicants would receive $300.
The House of Representatives originally voted for rebates of between $210 and $420, but the Senate pushed for rebates of half that amount.
The sides met on May 25 over the current $393 million package.
The discount draft now just awaits Governor Kay Ivy’s signature before it can be distributed.
Ivy originally pushed for bigger rebates of between $400 and $800 in her 2023 State of the State address.
The funds are made possible by Alabama’s large budget surplus.
If passed, it would be the first major income tax refund for Alabama since the economic fallout from the Covid-19 pandemic began three years ago.
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While Alabama is still working out the final details of its refund, New Mexico is ready to make payments to its taxpayers.
The state will begin giving income tax refunds between $500 and $1,000 beginning June 16.
The $673 million in rebates were approved and put into effect by the state legislature.
Sole applicants will receive $500 and co-applicants will receive $1,000.
There are no income caps associated with the refund.
The Minnesota state legislature recently passed a bill authorizing rebates ranging from $260 to $1300.
Single people would be entitled to $260, while families could claim $260 for up to three dependents.
Unlike the New Mexico refund, the Minnesota payment has income requirements.
Single applicants must earn less than $75,000, while joint applicants and families must earn less than $150,000.
As with the Alabama payments, the Minnesota rebates still need to be legally signed by Gov. Tim Waltz before they can be mailed.
Waltz has been pushing for the rebates, so his signature is likely.
Across the country, Social Security recipients whose birthdays fall between the 21st and 31st of the month have just received their May payments.
However, SSI beneficiaries will have to wait until June 1 to receive their next payment