HB36 Alabama 2016 Session

Sponsors

Session

Regular Session 2016

Title

Small Business Act, tax credits for small business employers authorized under certain conditions, Sec. 40-18-321 am'd.

Description

<p class="bill_description"> This bill would create the Alabama Small Business Jobs Act to establish a tax credit for Alabama small businesses to enhance the economy by the hiring of new Alabama employees</p><p class="bill_description"> This bill would define an Alabama small business employer as any business organization in Alabama having 75 or fewer employees and 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 $1,500 per qualified new employee</p><p class="bill_description"> This bill would provide that an employer may receive a credit under the Alabama Small Business Jobs Act or the Full Employment Act of 2011</p><p class="bill_description"> This bill would also require the Department of Revenue to implement a program promoting various tax credits for small businesses and independently owned business entities</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 amend Section 40-18-321, Code of Alabama 1975, to make conforming changes; to provide rulemaking authority; and to require the Department of Revenue to implement a program promoting various tax credits for small businesses and independently owned business entities. </p>

Subjects

Business and Commerce