SB405 Alabama 2010 Session

Updated Jul 26, 2021

Summary

Primary Sponsor: Larry MeansMayor
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.
Subjects: Taxation

Read for the first time and referred to the Senate committee on Finance and Taxation Education