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.

Description

Under existing law, certain small businesses may qualify for an income tax or financial institution excise tax credit for hiring recently deployed unemployed veterans who have been discharged from active service within two years from the date of hire.

This bill would rename the Heroes for Hire Tax Credit Act of 2012 as the Veterans Employment Act and would allow certain small businesses to qualify for a tax credit for hiring an unemployed veteran regardless of when the veteran was discharged from active service.

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Subjects

Veterans