Under existing law, there is no provision for a program funded by the tax credits that provides micro-loans to eligible small businesses
This bill would create a small business micro-loan program to provide micro-loans to eligible small businesses in Alabama and provide for micro-loan tax credits to fund the Alabama Small Business Micro-Loan Program
Relating to economic development to add Article 22, commencing with Section 41-10-840, to Chapter 10 of Title 41, Code of Alabama 1975; to create a small business micro-loan program to provide micro-loans to eligible small businesses; and to establish a micro-loan tax credit for the benefit of the small business micro-loan program.
|March 17, 2022||H||Read for the first time and referred to the House of Representatives committee on Ways and Means Education|
|Bill Text||HB518 Alabama 2022 Session - Introduced|