MONTGOMERY, Ala. (AP) -
Alabama's governor has signed into law a bill offering new tax credits
to companies that hire unemployed veterans.
Gov. Robert Bentley signed
the bill Wednesday morning providing 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.
The law also offers a credit of up to $2,000 to help and unemployed veteran cover the costs of starting a small business.
Legislative fiscal experts predict the law could reduce the state's income tax collections by more than $1 million annually.
Republican Rep. DuWayne
Bridges, who sponsored the bill in the state House of Representatives,
said in a release that thousands of Alabama veterans are returning to a
difficult economy from wars that are winding down.
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