SB405 Alabama 2010 Session

Summary

Primary Sponsor

Larry Means Mayor

Democrat

Session

Regular Session 2010

Title

Income tax, employment, employers hiring persons receiving unemployment compensation or whose benefits have expired, tax deduction authorized, duties to Revenue Department, Reemployment Act

Description

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.

Show more Show less

Subjects

Taxation