40-18-392
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 credit equal to one thousand five hundred
dollars ($1,500) for each qualified new employee, and shall only be applicable to a tax year
in which the new employee has completed 12 months of consecutive full-time employment with
the employer. (b) To qualify for the credit, the employer must have a net employee growth
as of the last date of each tax year during which the employer claims a credit pursuant to
this article. The net employee growth must equal or exceed the number of qualified new employees
for which a credit is sought in the current or applicable tax year, plus the total number
of qualified new employees for whom credits were claimed pursuant to...
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40-18-422
Section 40-18-422 (Credit expires after 2025 tax year unless extended.) Tax credit for
eligible employers of apprentices. (a) For tax years beginning on or after January 1, 2017,
through the tax year beginning January 1, 2019, an Alabama income tax credit is allowed for
eligible employers that employ an apprentice for at least seven full months of the prior taxable
year. The credit shall equal up to one thousand dollars ($1,000) for each apprentice employed,
not to exceed five apprentices employed. The Department of Revenue, in consultation with the
Workforce Development Division of the Department of Commerce, shall establish a scale reflecting
ranges of amounts of money an employer has invested in an eligible apprentice and a corresponding
tax credit amount and shall award the tax credit in accordance with this scale following confirmation
from the Workforce Development Division that the apprentice for whom the credit is claimed
is in compliance with all federal and state requirements...
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25-4-10
Section 25-4-10 Employment. (a) Subject to other provisions of this chapter, "employment"
means: (1) Any service performed prior to January 1, 1978, which was employment as defined
in this section prior to such date and, subject to the other provisions of this section,
services performed for remuneration after December 31, 1977, including service in interstate
commerce, by: a. Any officer of a corporation; or b. Any individual who, under the usual common
law rules applicable in determining the employer-employee relationship, has the status of
an employee; or c. Any individual other than an individual who is an employee under paragraphs
a. or b. of this subdivision (1) who performs services for remuneration for any person: 1.
As an agent-driver or commission-driver engaged in distributing meat products, bakery products,
beverages (other than milk) or laundry or dry cleaning services for a principal; 2. As a traveling
or city salesman engaged upon a full-time basis in the solicitation on...
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40-18-322
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
tax owed in an amount equal to two thousand dollars ($2,000) for each new unemployed or combat
veteran hired after March 12, 2018, for a full-time position paying at least fourteen dollars
($14) per hour, the majority of the duties of which are at a business location within Alabama.
The additional credit shall be available in the tax year during which the employee has completed
12 months of consecutive employment. (Act 2012-168, p. 254, §3; Act 2018-194, §3.)...
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40-18-391
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 during the tax
year in which the tax credit is claimed pursuant to this article, other than new employees
for which a credit is allowed by this article. (2) DEPARTMENT. The Alabama Department of Revenue.
(3) NET EMPLOYEE GROWTH. An Alabama small business employer's net increase in the total number
of full-time employees residing in Alabama based on the following: a. The total number of
full-time Alabama employees on the last date of each tax year in which the employer is claiming
a credit pursuant to this article; minus, b. The total number of full-time Alabama employees
on July 24, 2016. (4) QUALIFIED NEW EMPLOYEE. A new employee of...
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40-18-324
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 individual as an unemployed veteran and for providing notice to the Department
of Labor when a new full-time employee is hired. (3) Establish procedures for certifying a
qualified employer's compliance, or in the case of a credit under subsection (b) of Section
40-18-323, a recently deployed unemployed veteran's compliance, with the eligibility and expense
verification requirements to claim the credit authorized under this section. (4) Adopt
measurable goals, outcomes, and an audit strategy to assess the utilization and performance
of the credits authorized in this article. (5) On or before January 15, 2014,...
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40-18-293
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 which the
employee has completed 12 months of consecutive employment. (b) The employer must have a net
increase in the total number of full time employees in Alabama on the last date of each tax
year during which employees are hired for which the employer claims a credit, over the number
employed in Alabama as of the last day of the tax year immediately preceding the first employment
year. The increase must equal or exceed the number of newly hired employees for which a credit
is sought by one employee for each newly hired employee for whom a credit is being sought
for the current year, plus one employee for all employees for whom credits...
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40-18-393
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 July 25, 2016.
In no case shall an employer claim a credit under this article for the same qualified employee
more than once. Nor shall the number of qualified new employees, for which a credit is claimed,
exceed the number of employees at the end of the tax year less the number of employees at
the beginning of the tax year. (Act 2016-188, §4.)...
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40-14-41
Section 40-14-41 (Not Effective After December 31, 1999) Levy on foreign corporations.
(a) Amount of levy. Every corporation organized under the laws of any other state, nation,
or territory and doing business in this state, except strictly benevolent, educational, or
religious corporations, shall pay annually to the state an annual franchise tax of three dollars
($3) on each one thousand dollars ($1,000) of the actual amount of its capital employed in
this state. Corporations which have qualified to do business in this state shall for the purpose
of this title prima facie be held to be doing business in Alabama. However, in no event shall
the amount paid by any corporation for annual franchise tax be less than the sum of twenty-five
dollars ($25). (b) Definition of capital. The total capital of such foreign corporation, herein
referred to as the "taxpayer," shall equal the aggregate net amount of the following
items determined in accordance with generally accepted accounting...
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40-27-1
Section 40-27-1 Compact adopted; terms. The following Multistate Tax Compact is hereby
approved, adopted and enacted into law by the State of Alabama: Multistate Tax Compact Article
I. Purposes. The purposes of this compact are to: 1. Facilitate proper determination of state
and local tax liability of multistate taxpayers, including the equitable apportionment of
tax bases and settlement of apportionment disputes. 2. Promote uniformity or compatibility
in significant components of tax systems. 3. Facilitate taxpayer convenience and compliance
in the filing of tax returns and in other phases of tax administration. 4. Avoid duplicative
taxation. Article II. Definitions. As used in this compact: 1. "State" means a state
of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory
or possession of the United States. 2. "Subdivision" means any governmental unit
or special district of a state. 3. "Taxpayer" means any corporation, partnership,
firm,...
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