HB179 Alabama 2016 Session

Summary

Primary Sponsor

Jim Patterson

Republican

Session

Regular Session 2016

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.

Description

Under existing law, Alabama employers with less than 50 employees may qualify for an income tax or financial institution excise tax credit for hiring recently deployed unemployed veterans who have been discharged from active service within two years from the date of hire.

This bill would rename the Heroes for Hire Tax Credit Act of 2012 as the Veterans Employment Act and provide further for the definition of an unemployed veteran.

This bill would allow Alabama employers with less than 50 employees to qualify for an income tax or financial institution excise tax credit for hiring unemployed veterans regardless of when the veterans were discharged from active service.

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Subjects

Veterans