Section 40-18-322 – Eligibility for Tax Credit.
Section 40-18-322 Eligibility for tax credit. For all tax years beginning on or after January 1, 2018, a qualified employer subject to the requirements of this article and Sections 40-18-290 through 40-18-293 shall be eligible for an additional nonrefundable credit against the income tax liability imposed or the state portion of the financial institution excise […]
Section 40-18-323 – Expenses Associated With a Start-Up Business.
Section 40-18-323 Expenses associated with a start-up business. (a) In addition to the definition in Section 40-18-321, EXPENSE ASSOCIATED WITH A START-UP BUSINESS is defined as any of the following: (1) Expenses associated with the development of a business plan. (2) Professional services associated with the formation of the business (e.g., attorney and accounting services). […]
Section 40-18-324 – Duties and Procedures.
Section 40-18-324 Duties and procedures. (a) The Department of Labor, in coordination with the Department of Revenue, the Department of Economic and Community Affairs, and the Department of Veterans’ Affairs shall: (1) Promote awareness of the unemployed veteran tax credit authorized in this article to employers and eligible veterans. (2) Establish procedures for prequalifying an […]
Section 40-18-320 – Short Title.
Section 40-18-320 Short title. This article shall be known and may be cited as the Veterans Employment Act. (Act 2012-168, p. 254, §1; Act 2018-194, §1.)
Section 40-18-320.1 – Definitions.
Section 40-18-320.1 Definitions. As used in this article, the following terms have the following meanings: (1) COMBAT VETERAN. A member of the Armed Forces of the United States who served in a United States Department of Defense designated combat zone and was a resident of the State of Alabama at the time of his or […]
Section 40-18-321 – Availability of Tax Credit.
Section 40-18-321 Availability of tax credit. In addition to the tax credit allowed for in the Full Employment Act of 2011 or the Alabama Small Business and Agribusiness Jobs Act, an additional one thousand dollar ($1,000) tax credit is available to a business that meets the requirements for a tax credit under Section 40-18-290 through […]