SB523 Alabama 2010 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2010
Title
Income tax, employment, employers hiring persons receiving unemployment compensation or whose benefits have expired, tax deduction authorized under certain conditions, duties to Revenue Department, Reemployment Act
Description
This bill would propose 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 50 percent of the gross wages paid to each such person hired and retained as an employee for 12 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 |
|---|---|---|
| March 9, 2010 | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB523 Alabama 2010 Session - Introduced |