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AL HB291

AL HB291
Physicians, rural physicians income tax credit, existing law repealed and replaced with new income tax credit after December 31, 2024, new credit increased to $10,000 per year for four years, transition provisions


summary

Introduced
03/05/2024
In Committee
03/05/2024
Crossed Over
Passed
Dead
05/09/2024

Introduced Session

Regular Session 2024

Bill Summary

Physicians, rural physicians income tax credit, existing law repealed and replaced with new income tax credit after December 31, 2024, new credit increased to $10,000 per year for four years, transition provisions

AI Summary

This bill repeals the existing rural physician income tax credit law in Alabama and replaces it with a new income tax credit program. The new credit provides $10,000 per year for up to four years for physicians who live and practice medicine in rural communities with populations of 50,000 or less. The bill includes provisions to verify eligibility, report on the program's impact, and evaluate the program in 2030 to determine if it is meeting its goals of improving the recruitment and retention of physicians in rural Alabama.

Committee Categories

Budget and Finance

Sponsors (9)

Last Action

Pending House Ways and Means Education (on 03/05/2024)

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