HB68 Alabama 2010 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2010
Title
Income tax, employers creating jobs for unemployed persons, tax deduction authorized, Revenue Department to implement, Reemployment Act of 2010
Description
To encourage businesses to create jobs for unemployed persons, this bill proposes an income tax deduction for businesses that hire a person presently drawing unemployment compensation or whose unemployment compensation benefits have expired. Such businesses will receive an income tax deduction equal to fifty percent (50%) of the taxable income of each such person hired and retained as an employee for twelve consecutive months
To provide an incentive for job creation for unemployed persons by creating an income tax deduction for businesses that hire certain unemployed persons.
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| January 12, 2010 | Read for the first time and referred to the House of Representatives committee on Education Appropriations |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB68 Alabama 2010 Session - Introduced |