Montgomery, AL – The Alabama Legislature is ready to offer new tax credits to businesses that hire unemployed veterans.
The Alabama Senate gave final approval to a bill Tuesday that provides a tax credit of $1,000 for a business that hires an unemployed veteran who was deployed overseas and is now within two years of discharge. There's also a tax credit of up to $2,000 to help an unemployed veteran cover the costs of starting a small business.
The bill backed by Gov. Robert Bentley passed the House last month and now goes to the governor to be signed into law.
The bill piggybacks on laws the Legislature enacted in 2010 and 2011 to give tax credits to businesses that create jobs for the unemployed.
(Copyright 2012 by The Associated Press. All Rights Reserved.)