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Committee advances bill to update rural physician income tax credit
Summary
The House Ways and Means Education Committee gave House Bill 46 a favorable report after adopting a technical amendment that moves termination dates and refines definitions. Sponsor Rep. Ed Oliver said the proposal modernizes a 1993 incentive by offering a $10,000-per-year, four-year credit and expanding how "rural" is defined.
The House Ways and Means Education Committee gave House Bill 46 a favorable report after adopting a technical amendment and then moving the bill forward.
Representative Ed Oliver, sponsor of House Bill 46, told the committee the legislation would update a 1993 income tax credit aimed at encouraging physicians to live and practice in rural Alabama. "This update would provide an updated $10,000 a year for the 4 year tax [credit]," Oliver said, describing a proposal that would also redefine eligible rural communities and include a…
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