HB217 Alabama 2016 Session

Sponsors

Session

Regular Session 2016

Title

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

Description

<p class="bill_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</p><p class="bill_description"> 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</p><p class="bill_entitled_an_act"> Relating to taxation; to provide definitions; to provide a tax credit for employers that employ an apprentice; to provide a cumulative cap on tax credits allowed; to provide rulemaking authority; and to require the Workforce Development Division of the Department of Commerce to provide an annual report to certain legislative committees. </p>

Subjects

Taxation