HB 48 Summary

• Increases the state income tax credit period for rural physicians from 5 consecutive tax years to 10 consecutive tax years, beginning with the 2017 tax year.

• Extends the $5,000 annual state income tax credit to dentists who practice and reside in small rural communities, with the same 10-year eligibility period as physicians starting in 2017.

• Defines "rural dentist" as a dentist licensed in Alabama who practices and resides in a small rural community and practices at least 20 hours per week.

• Allows physicians already receiving the credit under the old rules (1994-2016) to continue claiming it for up to 10 total years, minus years already claimed prior to 2017.

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