SB288 Alabama 2015 Session

Updated Feb 27, 2026

Notable

Summary

Primary Sponsor: Gerald O. Dial
Republican
Session: Regular Session 2015
Title: Heroes for Hire Tax Credit Act of 2012, renamed, Veterans Employment Act, Secs. 40-18-320, 40-18-321, 40-18-322 am'd.
Summary: Renames the Heroes for Hire Tax Credit Act to the Veterans Employment Act and expands and adds tax credits for small employers who hire unemployed veterans.
What This Bill Does
It changes the act’s name to the Veterans Employment Act and keeps the existing job-creation credit. It allows employers with fewer than 50 employees to claim the credit for hiring unemployed veterans regardless of when the veteran was discharged. It adds a new $1,000 nonrefundable credit for each full-time recently deployed unemployed veteran hired, defined by specific eligibility criteria, and applies to tax years beginning January 1, 2016.

Who It Affects
Employers with fewer than 50 employees who hire unemployed veterans that meet the new criteria
Unemployed veterans who meet the definition of 'recently deployed unemployed veteran' (e.g., Alabama resident at entry or mobilized in Alabama, discharged within two years prior to hire, and with Department of Labor unemployment certification)

Key Provisions
Renames the act to the Veterans Employment Act of 2012 and references it accordingly in Sections 40-18-320, 40-18-321, and 40-18-322
Eliminates the previous requirement that the veteran must have been discharged within two years of hire to qualify for the credit
Defines 'Recently Deployed Unemployed Veteran' with criteria: Alabama resident at entry or mobilized while in Alabama, honorable or general discharge within two years before hire, and Department of Labor certification of unemployment status (collecting or eligible for unemployment benefits or benefits exhausted)
Provides an additional nonrefundable $1,000 tax credit for each new full-time recently deployed unemployed veteran hired by eligible employers, for tax years beginning on or after January 1, 2016
Credit is against the income tax liability or the state portion of the financial institution excise tax and is in addition to the existing job-creation credit

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