HB83 Summary

• Renames the "Heroes for Hire Tax Credit Act of 2012" to the "Veterans Employment Act" and expands eligibility to include all unemployed veterans, not just recently deployed veterans.

• Increases the tax credit from $1,000 to $2,000 per veteran hired for full-time positions paying at least $14 per hour, available to businesses meeting requirements under the Full Employment Act of 2011 or Alabama Small Business and Agribusiness Jobs Act.

• Defines "unemployed veteran" as an individual who was an Alabama resident at military entry, received an honorable or general discharge, and has certification from the Department of Labor of collecting unemployment benefits or having exhausted them.

• Requires the Department of Labor to coordinate with multiple state agencies to promote awareness, establish prequalification procedures, and verify veteran status before tax credits can be claimed.

• Terminates tax credit eligibility for veterans hired after December 31, 2023 unless the Legislature extends the program, with effectiveness date of January 1, 2018.