SB195 Alabama 2020 Session

Summary

Primary Sponsor

Steve Livingston Senator

Republican

Session

Regular Session 2020

Title

Rural physicians and dentists, income tax credit under certain conditions, Secs.40-18-130, 40-18-131, 40-18-132 am'd.

Description

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

This bill would terminate the existing rural physician income tax credit effective December 31, 2020, and would authorize a physician claiming the credit for the tax year ending on December 31, 2020, to claim the credit under the revised act for the remainder of the five year credit period available under the prior law.

This bill would further provide a new rural dentist and rural physician income tax credit effective for tax year beginning after January 1, 2021. The bill would define practices, rural dentist and physician, and rural community. A rural community would be defined as a rural area under federal law. The requirements that a rural community have a rural hospital would be deleted.

The bill would require a rural dentist or physician to practice at least 20 hours per week in a rural community.

The bill would require the State Board of Medical Examiners and the State Board of Dental Examiners to issue certificates to physicians and dentists, respectively, who qualify for the tax credit.

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Subjects

Taxation