To encourage businesses to create jobs for unemployed persons, this bill proposes an income tax deduction for businesses that hire a person presently drawing unemployment compensation or whose unemployment compensation benefits have expired. Such businesses will receive an income tax deduction equal to fifty percent (50%) of the gross wages paid to each such person hired and retained as an employee for twelve consecutive months.
Delivered to Governor at 10:20 a.m. on April 8, 2010.
Assigned Act No. 2010-557.
Clerk of the House Certification
Signature Requested
Enrolled
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 730
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Cosponsors Added
Engrossed
Motion to Read a Third Time and Pass adopted Roll Call 394
Motion to Adopt adopted Roll Call 393
Education Appropriations first Substitute Offered
Third Reading Passed
Read for the second time and placed on the calendar with 1 substitute and
Read for the first time and referred to the House of Representatives committee on Education Appropriations
Source: Alabama Legislature