ALABAMA TAX CREDIT CHANGES

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These changes to Alabama tax credit for small businesses may affect you:

Effective Date: July 25, 2016

House Bill 36, effective July 25, 2016, enacts the Alabama Small Business and Agribusiness Jobs Act, which enacts a tax credit for small businesses that create jobs meeting specific criteria during a given tax year. The tax credit will expire on January 1, 2019 unless legislature extends it.

SOURCE:http://alisondb.legislature.state.al.us/ALISON/SearchableInstruments/2016RS/PrintFiles/HB36-enr.pdf

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