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for employers creating jobs, under certain conditions, Full Employment Act, Secs. 40-18-270, 40-18-271, 40-18-272 repealed; Act 2010-557, 2010 Reg.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 repealed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
Under existing law, the Reemployment Act of 2010 allows an income tax deduction for employers that hire unemployed persons
This bill would repeal that act
This bill would propose a tax credit for certain businesses in Alabama that create jobs
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
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.
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 |