HB324 Alabama 2017 Session

Summary

Primary Sponsor

John F. Knight Jr

Democrat

Session

Regular Session 2017

Title

Veterans, unemployed, tax credit created for hiring of, regardless of whether veteran was recently deployed, Sec. 40-18-320.1 added; Secs. 40-18-320, 40-18-321, 40-18-322, 40-18-324 am'd.

Summary

HB324 renames the Heroes for Hire Tax Credit Act to the Veterans Employment Act and expands tax credits for small businesses that hire unemployed veterans, including those recently deployed.

What This Bill Does

The bill broadens eligibility for tax credits to include unemployed veterans regardless of discharge date and adds a new category for recently deployed unemployed veterans. It creates a new definition for recently deployed unemployed veterans and clarifies eligibility criteria for unemployed veterans. For each new full-time recently deployed unemployed veteran hired, the bill provides an additional $1,000 tax credit (with conditions on duties and location). It requires state agencies to promote the credit, establish qualification and certification procedures, and set up audit and reporting requirements, with an effective date of January 1, 2018.

Who It Affects

• Small businesses in Alabama that hire unemployed veterans, who could qualify for a larger or new tax credit when hiring such veterans.
• Unemployed veterans in Alabama, especially those who are recently deployed and meet the defined residency, discharge, and unemployment status criteria, who may become eligible for the credit when hired full-time.

Key Provisions

• Renames the Heroes for Hire Tax Credit Act of 2012 to the Veterans Employment Act.
• Adds Section 40-18-320.1 defining 'Recently Deployed Unemployed Veteran' and clarifying 'Unemployed Veteran' eligibility (Alabama residency at entry, honorable/general discharge, and unemployment benefits status).
• Authorizes an additional $1,000 tax credit for each new full-time unemployed veteran hired, provided the majority of duties are at a business location within Alabama and the veteran is a recently deployed unemployed veteran.
• Expands eligibility to allow hiring unemployed veterans regardless of when they were discharged from active service, in conjunction with existing tax credits.
• Department of Labor, Department of Revenue, Department of Economic and Community Affairs, and Department of Veterans' Affairs will promote the credit, establish qualification/certification procedures, oversee compliance and auditing, and report outcomes.
• Effective date: January 1, 2018.

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