Section 40-18-390 – Short Title.
Section 40-18-390 Short title. This article shall be known and may be cited as the Alabama Small Business and Agribusiness Jobs Act. (Act 2016-188, §1.)
Section 40-18-391 – Definitions.
Section 40-18-391 Definitions. For the purpose of this article, the following words and phrases shall have the following meanings: (1) ALABAMA SMALL BUSINESS EMPLOYER. A business organization duly formed, organized, or qualified to do business in the state, with its headquarters or principal place of business in the state, and having 75 or fewer employees […]
Section 40-18-392 – (Tax Credit Expires January 1, 2019, per Subsection (G)). Qualifications for and Applicability of Tax Credit.
Section 40-18-392 (Tax credit expires January 1, 2019, per subsection (g)). Qualifications for and applicability of tax credit. (a) An Alabama small business tax credit is hereby allowed for any Alabama small business employer that creates a new job and hires a new full-time employee to fill that job. The credit shall be a one-time […]
Section 40-18-393 – Rulemaking Authority.
Section 40-18-393 Rulemaking authority. The department may adopt rules consistent with this article as necessary to implement and administer this article. Rules may be adopted to include, but not limited to, a requirement that, upon request, taxpayers shall receive credits for up to, but no more than, the number of qualified new employees hired after […]
Section 40-18-394 – Promotion of Tax Credits for Small Businesses and Independently Owned Business Entities.
Section 40-18-394 Promotion of tax credits for small businesses and independently owned business entities. By December 31, 2016, the Department of Revenue shall create and implement a program to actively promote to small business owners, tax professionals, and other appropriate parties the tax credits allowed under the Alabama Small Business Jobs Act created by this […]