FOR IMMEDIATE RELEASE: April 5, 2017
MONTGOMERY, Ala. – Business Council of Alabama President and CEO William J. Canary today released the following statement in opposition to SB 67 by Sen. Linda Coleman-Madison, which is scheduled for a vote in the Senate Fiscal Responsibility and Economic Development Committee later this afternoon.
“Multiple Unitary Combined Reporting is nothing more than an arbitrary tax increase,” BCA President and CEO William J. Canary said. “It hinders economic development and job retention, creates confusion in the tax code, and is costly for business and Alabama government. It is simply another effort to expand the bureaucracy and authority of the Alabama Department of Revenue by many. The notion by proponents that it only targets ‘out of state corporations’ is complete and utter fiction. The truth is combined reporting unfairly targets companies in Alabama that provide thousands of quality jobs.”
Alabama’s business association community is united in its efforts to defeat this bill. The BCA and the business community have maintained long-standing opposition to MUCR.
The Business Council of Alabama is Alabama’s foremost voice for business. The BCA is a non-partisan, statewide business association representing the interests and concerns of nearly 1 million working Alabamians through its member companies and its partnership with the Chamber of Commerce Association of Alabama. The BCA is Alabama’s exclusive affiliate to the U.S. Chamber of Commerce and the National Association of Manufacturers.
Contact: Nancy Wall Hewston or Dana Beyerle (334) 834-6000