SB288 Summary

• Renames the "Heroes for Hire" Tax Credit Act of 2012 to the "Veterans Employment Act"

• Removes the two-year discharge requirement for unemployed veterans to qualify for the $1,000 tax credit, allowing veterans discharged at any time to be eligible

• Maintains $1,000 nonrefundable tax credit against income tax or financial institution excise tax for each newly hired full-time unemployed veteran whose job is primarily located in Alabama

• Updates the tax credit effective date from January 1, 2012 to January 1, 2016

• Requires veterans to be Alabama residents at military service entry or mobilized while in Alabama National Guard/reserve units, and must have certification of unemployment or exhausted benefits at time of hire