Full Employment Act
Alabama · Revenue and Taxation · §§ 40-18-290 to 40-18-294 · 5 sections
Overview
The act is an employment-incentive measure that works through the state tax code, offering relief to employers as a means of encouraging job creation. Its central mechanism is a credit that qualifying taxpayers may claim against state income tax and against the excise tax imposed on financial institutions, with eligibility governed by defined terms and by the policy rationale the legislature sets out. The incentive is not permanent — it carries a sunset provision that repeals the credit after a fixed period unless lawmakers act to extend it.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
Sections covered
- Ala. Code § 40-18-290Short Title.
- Ala. Code § 40-18-291Definitions.
- Ala. Code § 40-18-292Legislative Findings.
- Ala. Code § 40-18-293Alabama Income and Financial Institution Excise Tax Credit.
- Ala. Code § 40-18-294(Repealed by Act 2023-546, § 6, Effective December 31, 2028, Unless Extended by Act of Legislature) Repeal of Incentives.
Enacted in other states
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