HB217 Alabama 2016 Session

Summary

Primary Sponsor

Alan Baker Representative

Republican

Session

Regular Session 2016

Title

Taxation, tax credit, employer provided a tax credit for employing an apprentice, definitions, Thompson Apprenticeship Tax Credit Act

Description

This bill would provide an income tax credit of $1,000 to an employer for each qualified apprentice of an employer and would also cap the cumulative tax credits allowed at $3,000,000 for the first two tax years following the passage of the bill and $5,000,000 for each tax year thereafter.

This bill would also require the Workforce Development Division of the Department of Commerce to provide an annual report to certain legislative committees regarding the effectiveness of the program.

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Subjects

Taxation