HB152 Alabama 2012 Session

Summary

Primary Sponsor

Mike Millican

Republican

Co-Sponsors

William RobertsLynn GreerPaul W. LeeApril WeaverBarry MooreEd HenryWes LongBecky NordgrenMac ButtramDonnie ChesteenJohn MerrillKen JohnsonWayne JohnsonPaul BeckmanBill PooleMark TuggleTerri CollinsKerry RichMac McCutcheonVictor GastonMike BallJack WilliamsHarry ShiverJoe FaustChad FincherAlan BakerJim McClendonRandy WoodJim BartonDuwayne BridgesBlaine GalliherAllen TreadawayAlan BootheK.L. BrownAllen Farley

Session

Regular Session 2012

Title

Veterans, additional tax credits for previously unemployed veterans who became employed or began a business, "Heroes for Hire " Act

Summary

The Heroes for Hire Act creates tax credits to encourage Alabama employers to hire recently deployed unemployed veterans and to help veterans start their own qualifying businesses, effective immediately.

What This Bill Does

It adds two new, nonrefundable tax credits. Employers can get $1,000 for each newly hired full-time recently deployed unemployed veteran who works mainly at an Alabama location; veterans who start a qualifying business can get up to $2,000 for startup expenses if they own at least 50% and the business is in Alabama and shows at least $3,000 net profit in the year. The act defines who counts as a recently deployed unemployed veteran and ties credits to unemployment benefits status. Credits apply for tax years after Jan 1, 2012 and cannot be claimed together for the same person or employee. State agencies will promote the credits, certify eligibility, audit usage, and report on progress.

Who It Affects

• Employers in Alabama that hire recently deployed unemployed veterans may receive a $1,000 credit for each eligible new full-time hire against their tax obligations.
• Recently deployed unemployed veterans who start or own a qualifying business in Alabama may receive up to $2,000 for startup expenses if they meet ownership and profit requirements.

Key Provisions

• Defines 'recently deployed unemployed veteran' (Alabama resident at service time or mobilized in Alabama, discharged within two years, and certified as eligible for or having exhausted unemployment benefits).
• Adds an additional $1,000 nonrefundable tax credit for each new full-time recently deployed unemployed veteran hired, available for income tax or state financial institution tax, for qualifying employers and hires in Alabama.
• Provides up to $2,000 nonrefundable credit for expenses of starting a qualifying business where the veteran owns at least 50% and the business is located in Alabama with at least $3,000 net profit in the year the credit is taken.
• Precludes double claiming: an employer cannot claim the Section 3 credit for an employee who claims the Section 4 startup credit, and a veteran cannot claim Section 4 if their employer has claimed Section 3.
• Administrative provisions: state agencies must promote the credits, establish prequalification and certification procedures, audit and reporting requirements, and submit a progress report by January 15, 2014.
• Effective date: applies to tax years beginning on or after January 1, 2012, and becomes law immediately after the governor signs it.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Veterans