HB414 Alabama 2015 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2015
Title
Small Business Act, tax credits for small business employers authorized under certain conditions, Secs. 40-18-290 to 40-18-293, inclusive, repealed; Sec. 40-18-321 am'd.
Description
<p class="bill_description"> The Alabama Small Business Jobs Act would
establish a tax credit for Alabama small businesses
to enhance the economy by hiring new Alabama
employees</p><p class="bill_description">
This bill would define an Alabama small
business employer as any business organization in
Alabama having 50 or fewer employees</p><p class="bill_description">
This bill would provide for a tax credit to
any Alabama small business employer that creates
new jobs and hires a new employee in an amount of
$1,250 per qualified new employee</p><p class="bill_description">
The bill would also repeal the Full
Employment Act of 2011</p><p class="bill_entitled_an_act"> To establish the Alabama Small Business Jobs Act; to
define certain terms; to provide for a tax credit to Alabama
small business employers that create new jobs and hire new
employees under certain conditions; to repeal Article 11,
Chapter 18, Title 40, Code of Alabama 1975, relating to the
Full Employment Act of 2011; to amend Section 40-18-321, Code
of Alabama 1975, to make conforming changes; and to provide
rulemaking authority.
</p>
Subjects
Business and Commerce
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| June 3, 2015 | H | Indefinitely Postponed |
| April 16, 2015 | H | Read for the second time and placed on the calendar |
| April 2, 2015 | H | Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 15, 2015 | Room 410 at 13:30 | House ED&T Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB414 Alabama 2015 Session - Introduced |