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Jobs Credit

Act 2016-321 amends Code Sections 40-18-370 and 40-18-376.2 relating to the Alabama Jobs Act of 2015.

  • Code Section 40-18-376.2 is amended to reflect that any incentivized company (approved by the Secretary of Commerce and the Governor) which employs eligible employees on such projects located within a former active duty military installation closed by the Base Realignment and Closure (BRAC) process will be eligible for an additional 0.5 percent jobs credit in addition to the existing jobs credits noted below.
  • The existing Alabama Jobs Act allows a 3% refund or credit of prior year wages paid to eligible employees with an additional 0.5 percent credit if 12% or more of the project workforce are veterans who received either an honorable or a general discharge.
  • The Alabama Jobs Act credit can be used to offset a company’s Utility Taxes due or can be a refund of a company’s Utility Taxes regardless of the amount paid.
  • Code Section 40-18-370 is amended to allow an incentivized company to claim one or more the available Jobs Act credits. This would make it possible for an incentivized company to qualify for all three Jobs Act credits.