HB137 Alabama 2010 Session

For tax years beginning after December 31, 2010, this Act will annually phase in, if certain conditions are met, an increasing percentage to a maximum of twenty percent (20%) of the amount allowed in Sections 51 and 52 of the Internal Revenue Code for federal purposes, as a Work Opportunity income tax credit to encourage employers to hire and employ certain persons who are certified in a targeted, higher-risk category of employees

To add Section 40-18-182 to the Code of Alabama 1975, to allow a Work Opportunity income tax credit for tax years beginning after December 31, 2010, that will annually phase in, if certain conditions are met, and increase in percentage to a maximum of twenty percent (20%) of that amount which is currently allowed in Sections 51 and 52 of the Internal Revenue Code for federal purposes. The Work Opportunity income tax credit would encourage employers to hire and employ certain persons who are certified in a targeted, higher-risk category of employees.