HB519 Alabama 2022 Session

Summary

Primary Sponsor

Ed Oliver Representative

Republican

Session

Regular Session 2022

Title

Rural physicians, income tax credit for practice of medicine in a rural area, conditions and limitations, Secs.40-18-130, 40-18-131, 40-18-132 terminated after tax year 2022, new credit effective January 2023, Bd. of Medical Examiners to certify eligible doctors, Secs. 40-18-133, 40-18-133.1, 40-18-133.2 added; Secs. 40-18-130, 40-18-131, 40-18-132 repealed

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 for tax years beginning after December 31, 2022, but would authorize a physician claiming the credit for the tax year ending on December 31, 2022, to claim the credit for the remainder of the five-year credit period available under prior law.

This bill would further provide a new rural physician income tax credit effective for tax year beginning on or after January 1, 2023. The bill would define rural community as a rural area under federal law.

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

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Subjects

Taxation