SB531 Alabama 2010 Session

Summary

Primary Sponsor

Rodger Smitherman Senator

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 a percentage of the gross wages paid to each such person hired and retained as an employee for 12 consecutive months.

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Subjects

Taxation