Section 40-18-290 – Short Title.

Section 40-18-290 Short title. This article may be cited as the Full Employment Act of 2011. (Act 2011-551, p. 1017, §1.)

Section 40-18-291 – Definitions.

Section 40-18-291 Definitions. For purposes of this article, a small business is defined as a business that employs 50 or fewer employees on the effective date of this act. (Act 2011-551, p. 1017, §2.)

Section 40-18-292 – Legislative Findings.

Section 40-18-292 Legislative findings. The Legislature finds and determines, in accordance with its goal, shared by Governor Robert Bentley, of achieving statistical full employment for Alabama’s citizens, that the Legislature intends to foster an optimal environment for job growth throughout the state. (Act 2011-551, p. 1017, §3.)

Section 40-18-293 – Alabama Income and Financial Institution Excise Tax Credit.

Section 40-18-293 Alabama income and financial institution excise tax credit. (a) An Alabama income and financial institution excise tax credit is hereby established for small businesses that create new jobs paying more than ten dollars ($10) per hour. The credit shall equal one thousand dollars ($1,000) and shall be available in the tax year during […]