SB523 Alabama 2010 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2010
Title
Income tax, employment, employers hiring persons receiving unemployment compensation or whose benefits have expired, tax deduction authorized under certain conditions, duties to Revenue Department, Reemployment Act
Description
<p class="bill_description"> This bill would propose 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 50 percent of the gross wages
paid to each such person hired and retained as an
employee for 12 consecutive months</p><p class="bill_entitled_an_act"> To provide an incentive for job creation for
unemployed persons by creating an income tax deduction for
businesses that hire certain unemployed persons.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 9, 2010 | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB523 Alabama 2010 Session - Introduced |