Tax Break Approved for Low-Income

By: The Associated Press
By: The Associated Press

A $60 million tax break approved by the Alabama Legislature last week will be signed by Gov. Bob Riley on Wednesday.

It will raise the income tax threshold for a family of four from $4,600 annually to $12,500.

The tax break will take effect in January 2007.

It will end Alabama's distinction of being the only state that levies an income tax on a family of four making less than $10,000 a year.


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