HB223 Summary

• Amends Section 40-18-132 of the Alabama Code to increase the state income tax credit for rural physicians and dentists beginning with the 2016 tax year.

• Increases the tax credit from $5,000 to $10,000 per year for qualifying rural physicians and dentists who reside in the rural community where they practice.

• Extends the credit period from 5 consecutive years to 10 consecutive years for eligible practitioners.

• Requires the Department of Revenue to promulgate rules and regulations necessary to implement and administer the tax credit provisions.

• Takes effect immediately upon passage and approval by the Governor.