Loading chat...
AL HB365
Bill
Status
Introduced
2/28/2013
Primary Sponsor
Phil Williams
Click for details
AI Summary
- Creates an income tax credit for businesses that employ students enrolled for at least two years in or graduates of accredited engineering schools in Alabama
- Tax credit equals 50 percent of the costs of employing each eligible student worker or graduate retained for at least 3 months and up to 12 months
- Taxpayer can claim the credit in the year employment ends and the following year
- Employers cannot claim credit if the student worker or graduate is a spouse, dependent, adult child and spouse, parent, parent-in-law, or sibling and spouse of the business owner or hiring manager
- Credit limited to 50 percent of annual tax liability after other credits, with unused portions carried forward for five years; effective January 1, 2014
Legislative Description
Taxation, tax credit for taxpayer who employs certain students enrolled at least two years or a graduate of an accredited school of engineering
Taxation
Last Action
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
2/28/2013
Committee Referrals
Ways and Means Education2/28/2013
Full Bill Text
No bill text available