AL HB115

Terminates the existing $5,000 annual rural physician tax credit two years early, ending December 31, 2026 instead of December 31, 2028

Creates a new $10,000 annual income tax credit for rural physicians effective January 1, 2027 through December 31, 2031, claimable for up to four tax years

Defines "rural community" as a municipality with 20,000 or fewer inhabitants or unincorporated areas within counties of 75,000 or fewer residents

Requires physicians to obtain certification from the Alabama Statewide Area Health Education Center Program Office before claiming the credit, with the Alabama Board of Medical Examiners assisting in verification

Excludes physicians who practiced in rural communities before January 1, 2027, unless they return after practicing in urban areas or outside Alabama for at least three years