SB75 Alabama 2016 Session
Bill Summary
Under existing law, Alabama employers with less than 50 employees may qualify for an income tax or financial institution excise tax credit for hiring recently deployed unemployed veterans who have been discharged from active service within two years from the date of hire
This bill would rename the Heroes for Hire Tax Credit Act of 2012 as the Veterans Employment Act and provide further for the definition of an unemployed veteran
This bill would allow Alabama employers with less than 50 employees to qualify for an income tax or financial institution excise tax credit for hiring unemployed veterans regardless of when the veterans were discharged from active service
To amend Sections 40-18-320, 40-18-321, and 40-18-322, Code of Alabama 1975, relating to tax credits for hiring veterans; to rename the act the Veterans Employment Act; to provide further for a definition; and to remove the requirement that the tax credit for hiring unemployed veterans only applies to veterans who have been discharged from active service within two years from the date of hire.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 23, 2016 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
| February 18, 2016 | S | Motion to Read a Third Time and Pass adopted Roll Call 177 |
| February 18, 2016 | S | Third Reading Passed |
| February 11, 2016 | S | Read for the second time and placed on the calendar |
| February 2, 2016 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 10, 2016 | Room 727 **Public Hearings & Vote** at 10:30 | Senate F&TE Hearing |
| Hearing | February 10, 2016 | Room 727 **Public Hearings & Vote** at 10:30 | Senate F&TE Public Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB75 Alabama 2016 Session - Introduced |