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NFIB: Alabama small business would lose millions without COVID tax deduction

Small businesses should be able to deduct forgiven expenses paid for with federal PPP loans on state income taxes, the NFIB says.


NFIB State Director Rosemary Elebash said small business owners are urging the House Ways and Means-Education Committee to pass legislation that would let them deduct forgiven expenses paid for with federal Paycheck Protection Program loans on their state income taxes.

“The federal COVID-19 recovery act signed into law in December said employers can deduct these expenses on their federal income taxes,” Elebash said. “If the legislature lets small businesses deduct these same expenses on their state income taxes, it’ll save employers millions of dollars and go a long way toward helping them recover from the economic downturn brought about by the pandemic.”

One in four small businesses nationwide surveyed by the NFIB Research Center in December said they were afraid they’d have to close their doors within six months unless economic conditions improve soon, according to Elebash

“A ‘yes’ vote on this legislation would ease some of the financial pressure on small businesses and help them get through this crisis and keep people employed,” Elebash said.

The Alabama Political Reporter is a daily political news site devoted to Alabama politics. We provide accurate, reliable coverage of policy, elections and government.



Dr. Michael Saag said vaccines remain the most effective way to prevent hospitalizations and deaths due to COVID-19.


It is the first time the data point has been in the single digits since late May of this year. 


Schools wishing to participate in the current program do not need to use or demand all services provided.


The state's current positivity rate is 11.4 percent, a considerable decline from one month ago when the positivity rate was 24.6 percent.