By: Alabama Retail Association
Holiday spending in Alabama should be on par with or slightly under last year – $18.5 billion, the Alabama Retail Association predicts.
Alabamians spent 2.8% more during November and December 2023 than they did during the same period in 2022. For all of 2023, Alabama retail sales grew 3.42%.
For the first eight months of 2024, taxed sales in Alabama declined slightly more than 0.5% compared with January to August 2023, based on Alabama Revenue Department abstracts. A 1% reduction in the tax rate on food starting September 2023 accounts for that slight year-over-year decline in sales tax collections. That puts overall sales about level with 2023.
The Alabama Weather Blog is pleased to present an excerpt from a featured article in partnership with the Alabama News Center. For the full post including images, videos, and related links, please visit the article HERE.
