SB173 Alabama 2011 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2011
Title
Income tax credit authorized for employers creating jobs, under certain conditions, Full Employment Act, Secs. 40-18-270, 40-18-271, 40-18-272 repealed; Act 2010-557, 2010 Reg. Sess. repealed
Description
<p class="bill_description"> Under existing law, the Reemployment Act of
2010 allows an income tax deduction for employers
that hire unemployed persons</p><p class="bill_description">
This bill would repeal that act</p><p class="bill_description">
This bill would propose a tax credit for
certain businesses in Alabama that create jobs</p><p class="bill_description">
This bill would make legislative findings
regarding the purpose of this act. Businesses would
receive an income tax credit equal to $1,000 per
new job paying more than $10 per hour</p><p class="bill_entitled_an_act"> To provide an incentive for job creation in Alabama;
to make legislative findings regarding the purpose of this
act; and to repeal Act 2010-557 of the 2010 Regular Session
(Acts 2010, p. 1132), now appearing as Article 10 commencing
at Section 40-18-270 of Chapter 18 of Title 40, Code of
Alabama 1975.
</p>
Subjects
Business and Commerce
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| June 1, 2011 | Pending third reading on day 13 Favorable from Job Creation and Economic Development with 1 amendment | |
| June 1, 2011 | Indefinitely Postponed | |
| April 7, 2011 | Read for the second time and placed on the calendar 1 amendment | |
| March 8, 2011 | Read for the first time and referred to the Senate committee on Job Creation and Economic Development |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB173 Alabama 2011 Session - Introduced |