Alabama's Sales Tax Lawsuit Threatens Financial Stability

Alabamas financial stability hangs in the balance as a lawsuit challenges the states online sales tax distribution. The City of Tuscaloosa, joined by other cities and the Alabama Education Association, claims the current method shortchanges them. The states share goes to the General Fund and Education Trust Fund, while local governments receive sixty percent of the local portion. Senator Greg Albritton warns the lawsuit could threaten the states financial stability, placing a hold on legal services contracts and urging concerned parties to bring their concerns to the legislature. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.