AL SB356

Allows Alabama businesses a $2,000 nonrefundable income tax credit for each employee who voluntarily leaves to work for another Alabama business receiving any state economic tax incentive, effective for tax years beginning January 1, 2019.

Defines "economic tax incentive" as any tax credits, deductions, exemptions, abatements, preferential rates, or rebates provided by government as economic development inducements.

Requires the Alabama Department of Labor to create and maintain an online database by December 31, 2018 to track employee names, hire dates, and leave dates for all Alabama businesses.

Mandates that Alabama businesses update the database when employees are hired and when they leave the company.

Credits cannot reduce a taxpayer's liability below zero and are nontransferable; the Department of Labor may promulgate implementing rules.