SB75 Alabama 2016 Session

Updated Feb 27, 2026

Notable

Summary

Primary Sponsor: Gerald O. Dial
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.
Summary: The bill renames the Heroes for Hire Tax Credit Act to the Veterans Employment Act and expands the tax credit for small employers hiring unemployed veterans.
What This Bill Does
It allows Alabama employers with fewer than 50 employees to claim an additional $1,000 tax credit for each new full-time unemployed veteran hired, for jobs mainly performed in Alabama. It updates the definition of an unemployed veteran and broadens eligibility by setting criteria for who counts as a recently deployed unemployed veteran (including residency, discharge status, and unemployment benefits status). The credit applies to the employer's income tax liability or the state portion of the financial institution excise tax and is in addition to existing credits. The act becomes effective January 1, 2017.

Who It Affects
Small Alabama employers (fewer than 50 employees) that hire unemployed veterans and have qualifying full-time positions mainly located in Alabama, who can claim the additional $1,000 credit per eligible hire.
Unemployed veterans who meet the defined criteria (Alabama residency at service entry or Alabama-based mobilization, honorable or general discharge, and unemployment benefits certification or exhaustion) and are hired for a qualifying full-time position.

Key Provisions
Renames the act from Heroes for Hire Tax Credit Act of 2012 to the Veterans Employment Act and continues to provide an employment-related tax credit.
Adds an additional nonrefundable $1,000 tax credit for each new full-time recently deployed unemployed veteran hired, against the income tax liability or the state portion of the financial institution excise tax, for eligible employers.
Defines the term 'recently deployed unemployed veteran' with criteria including Alabama residency at service entry or mobilization, discharge status, and Department of Labor unemployment certification or exhaustion of benefits.
Applies to employers with fewer than 50 employees and is in addition to the existing tax credits under the Full Employment Act of 2011.
Effective date: January 1, 2017.

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