Alabama’s new laws: Hemp ban, state parental leave begin, overtime tax break ends

Alabama’s new laws: Hemp ban, state parental leave begin, overtime tax break ends

Gov. Kay Ivey has signed 287 bills into law this year, and several take effect July 1.

Alabama’s Overtime Tax Experiment Ends Amid $350M Fiscal Shock And Suspected Exploitation - Huntsville Business Journal

Businesses statewide are recalibrating payroll systems as Alabama’s tax exemption on overtime pay expires June 30.   The nine-month pilot, once celebrated as a national model for worker relief, ends with little fanfare. Lawmakers declined to renew it after costs ballooned to ten times original estimates and critics argued it favored higher earners.   Initial projections in 2023 suggested the exemption would cost $34 million annually. Instead, it…