HB285 Alabama 2020 Session

Summary

Primary Sponsor

Tim Wadsworth Representative

Republican

Session

Regular Session 2020

Title

Physicians, rural income tax credit under certain conditions, existing credit terminated, new credit provided, Secs. 40-18-130.1 to 40-18-132.1, inclusive, added.

Description

Under existing law, a physician who qualifies as a rural physician in a small or rural community is entitles to a tax credit of $5,000 each year for five years.

This bill would terminate the existing rural physician income tax credit effective for any tax year ending on or before December 31, 2019, and would grandfather in physicians claiming the credit prior to that date.

This bill would further provide a new rural physicians income tax credit effective for tax year beginning after January 1, 2020. The bill would define practices, rural physician, and rural community. A rural community would be defined as a community that is not located in an urbanized area.

The bill would require a rural physician to practice at least 30 hours per week in a rural community.

The bill would also extend the tax credit to seven years and would require the Department of Public Health to issue certificates to physicians who qualify for the tax credit.

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Subjects

Taxation