HB137 Alabama 2010 Session

Summary

Primary Sponsor

Barry Mask

Republican

Session

Regular Session 2010

Title

Income tax, work opportunity income tax credit based on federal income tax credit, Sec. 40-18-182 added

Description

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.

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Subjects

Taxation