HB90 Alabama 2010 Session

Summary

Primary Sponsor

Duwayne Bridges

Republican

Session

Regular Session 2010

Title

Income tax, employers creating jobs in certain counties with high unemployment, tax credit, Industrial Relations Department to identify counties, Targeted Job Creation Tax Credit

Description

To encourage business growth in areas of Alabama where jobs are needed most, this bill proposes a tax credit for businesses that create jobs in a county or counties identified by the Department of Industrial Relations as being within the 25 Alabama counties with the highest annual unemployment rate for the year the job is created.

Such businesses will receive an income tax credit equal to $500 per new job created in the targeted counties.

Show more Show less

Subjects

Taxation