Tax Incentives

4/20/2011

 

I hope that you got your personal income tax filed by the deadline of Monday, April 18^th. Most of us feel that the old adage “Two things that are certain in this world are death and taxes” is so true this time of the year.

It is now time for owners to concentrate on filing the business tax reports.

There could be some tax breaks coming to small businesses in Alabama.

The Alabama House passed a bill that would allow qualifying employers and employees to deduct from their state income tax an additional 50 percent of the amount spent on health insurance premiums. If enacted this bill would increase the 150 percent deduction up to 200 percent.

Qualifying employers are those with less than 25 employees and the qualifying employees are those whose annual wages do not exceed $50,000.

The bill would help the smallest, most vulnerable, yet essential employers provide health coverage to their employees. The measure is considered an incentive for job creation. Most employees today are more interested in a health package than in more pay compensation.

Another tax credit being considered by the state legislature is part of the Full Employment Act of 2011. This act, sponsored by Rep. Blaine Galliher of Etowah County, will provide a one-time tax credit to small businesses who hire additional employees.

Businesses with 50 or fewer employees will receive an income tax credit equal to $1,000 per new job paying more than $10 per hour.

There are a lot of businesses who could qualify for both of these tax incentives in our area. Our economy is dependent on the ability of our small businesses to generate jobs.

Please voice your support for to our legislators for the passage of these business incentives.

 

 

Select an Entry:

 

5/1/2013 : Lookout 2013

12/18/2012 : Chamber Chatter

10/12/2012 : Vulcraft

10/9/2012 : Manufacturing Tour

9/24/2012 : VFW Agricultural Fair

9/18/2012 : Bullying

9/12/2012 : Boom Days Heritage Celebration

9/5/2012 : Carl Gregory Ford

8/29/2012 : TVA

8/21/2012 : Boom Days

8/13/2012 : Hope Puppets

8/8/2012 : Third Saturday hula hoop

7/31/2012 : Longest Yard Sale

7/26/2012 : Sister's Birthday

7/17/2012 : Third Saturday Sunset Activities

7/11/2012 : Third Saturday Sunset

6/28/2012 : 811

6/14/2012 : Third Saturday June 16th, 2012

6/5/2012 : Third Saturday

5/30/2012 : Fort Payne Garden Tours

5/23/2012 : Third Saturday to bring more life downtown

5/17/2012 : Agriculture and Textile Production in Alabama

5/9/2012 : Students to put Future of Glass on display

5/2/2012 : Check out farm at Art at the Barn event

4/24/2012 : Chamber Block Party 4/26/12

4/18/2012 : All businesses must register with E-Verify

4/11/2012 : It’s about time to pay those dreaded taxes

4/4/2012 : Revenues lost locally with online buys

3/28/2012 : Experts can help local small businesses

3/21/2012 : First 2012 After Hours set for Thursday

3/14/2012 : Businesses can benefit from new ideas

3/7/2012 : Krazy Kudzu Follies Thanks

2/29/2012 : Tina Gordon

2/22/2012 : Heart Month

2/15/2012 : Krazy Kudzu Follies

2/8/2012 : Valentine's Day

2/2/2012 : Krazy Kudzu Follies 2012

1/25/2012 : Krazy Kudzu Follies

1/18/2012 : Banquet Award Winners

1/11/2012 : Walter Weatherly -V.I. Prewett Lifetime Achievement Award winner

12/21/2011 : Merry Christmas and a Happy New Year

12/7/2011 : National Influenza Week

11/30/2011 : Christmas is in air, Fort Payne is no exception

11/23/2011 : Make sure to save for Small Business Saturday

11/17/2011 : Holiday Market is like several shops in 1 spot

11/9/2011 : Halloween event meets expectations

11/2/2011 : Devan Lowe Celebrates 50 Years

10/28/2011 : Halloween Block Party

10/19/2011 : It’s time to break the confusion on nutrition

10/12/2011 : It’s time to celebrate fall by visiting nearby Mentone

10/5/2011 : Seminar to focus on business with federal government

9/28/2011 : Mayor Bill Jordan

9/21/2011 : USPS Training

9/15/2011 : Boom Days

9/7/2011 : Mayor’s Cup Golf Tournament

8/31/2011 : Service Contracts

8/19/2011 : General Dentistry and Same Day Denture Service

8/17/2011 : After Hours Block Party at the DeKalb Plaza

8/10/2011 : Service Contracts

8/3/2011 : World's Longest Yard Sale

7/20/2011 : Ed Chadwick, Chadwick Plumbing Services

7/13/2011 : Weight vs. Brain

7/11/2011 : Bellefonte Nuclear Plant

6/28/2011 : Better Business Bureau

6/22/2011 : DeKalb Regional Medical Center

6/15/2011 : Off the Boat Seafood

6/8/2011 : Small Business Disaster Recovery Fund

6/1/2011 : WZOB and the Chamber's first After Hours Block Party

5/25/2011 : DeKalb County Public Library

5/18/2011 : Chamber Block Party

5/11/2011 : Small Business Administration Disaster Loans

5/4/2011 : Sweet Seasons Farm

4/27/2011 : First Presbyterian Church

4/20/2011 : Tax Incentives

4/13/2011 : State of the City Address

4/7/2011 : Yellowhammer Active Wear

4/7/2011 : Yellowhammer Active Wear

3/30/2011 : Jenna Sue Payne

3/23/2011 : Fort Payne Area Merchants Association

3/17/2011 : Blood Assurance blood drives

3/10/2011 : 2011 Krazy Kudzu Follies

3/2/2011 : What is kudzu anyhow?

2/23/2011 : Krazy Kudzu Follies-Josh Miller

2/16/2011 : Krazy Kudzu Follies

2/10/2011 : Valentine Give Away

2/2/2011 : Circus of Glass

1/19/2011 : Duncan Medical Equipment

1/5/2011 : Childcare Resource Network

12/22/2010 : Best of the Krazy Kudzu Follies

12/8/2010 : Roger’s Pawn, Music and Jewelry

12/1/2010 : Christmas Parade

11/17/2010 : Board of Directors

11/10/2010 : Green Egg and November After Hours

11/4/2010 : E-Marketing

11/4/2010 : E-Marketing

10/28/2010 : Go Build

10/20/2010 : Northeast Alabama Community College and the Alabama Technology Network

10/18/2010 : Benny Campbell and Christmas Parade

10/6/2010 : School Start Date

9/29/2010 : VFW Agricultural Fair

9/22/2010 : Little River Canyon Bridge

9/15/2010 : Boom Days Heritage Celebration

9/2/2010 : Haulin’ for Hannah

8/26/2010 : DeKalb Regional Medical Center

8/5/2010 : The World’s Longest Yard Sale

7/30/2010 : Wilson Funeral Home

7/22/2010 : Roland Walls

7/8/2010 : Child Labor Law

6/24/2010 : Wireless Expressions

6/17/2010 : Jeff Cook Parkway

6/7/2010 : Fort Payne Water Board

5/26/2010 : Amy’s Ink Shop

5/19/2010 : 10 Digit Dialing

5/12/2010 : US 11 Antique Ally Yard Sale

5/5/2010 : Fort Payne High School Graduation

4/28/2010 : Art at The Barn

4/21/2010 : Full Throttle Living

4/14/2010 : First Southern State Bank

4/7/2010 : Small Business Administration Workshop

4/1/2010 : 2010 Census

3/25/2010 : Mr. Electric

3/11/2010 : Krazy Kudzu Follies

3/2/2010 : Krazy Kudzu Follies

2/24/2010 : Krazy Kudzu Follies

2/17/2010 : Rehab Partners

2/12/2010 : Fort Payne Chamber Board of Directors

2/2/2010 : Krazy Kudzu Follies

1/27/2010 : The Duos and Squares of DeKalb County

1/20/2010 : Chamber Banquet

1/13/2010 : Lookout Mountain Photography Club

1/6/2010 : Sales Tax

12/16/2009 : Christmas Dinner

12/2/2009 : Christmas Parade

11/25/2009 : Board of Directors

11/18/2009 : Carol Beddingfield

11/12/2009 : Shop Fort Payne first

11/4/2009 : Christmas Parade

10/28/2009 : Mentor DeKalb

10/14/2009 : After Hours

10/7/2009 : Tanager House

9/30/2009 : DeKalb County Animal Adoption Agency

9/28/2009 : Wills Creek Village

9/16/2009 : Leon Russell

9/9/2009 : Boom Days

9/2/2009 : Mayor's Cup Golf Tournament

8/25/2009 : Compass Bank

8/12/2009 : Inspec Tech, Inc

7/24/2009 : WBCNA

7/15/2009 : Fort Payne Statistics

7/8/2009 : Bulldog Investigations

7/1/2009 : Our Nation's Birthday

6/29/2009 : Smithsonian

6/17/2009 : Cuba Trade

6/10/2009 : Vulcan Materials Company has won the BCA Small Manufacturer of the Year Award for 2009

6/4/2009 : Fort Payne Garden Club

5/13/2009 : National Small Business Week

5/6/2009 : Sweet Seasons “Art at the Barn”

4/24/2009 : Loan Clinic

4/16/2009 : Nanda Patel

4/9/2009 : Easter

4/1/2009 : Carl Gregory Ford

3/18/2009 : Employee Free Choice Act

3/16/2009 : Krazy Kudzu Follies Thank You

3/4/2009 : Kudzu Follies-WOLW

2/19/2009 : Fort Payne School System Promethean Boards

2/11/2009 : Ready to Work

2/4/2009 : Chamber Banquet

1/8/2009 : New Year’s resolutions

12/31/2008 : Happy New Year

12/30/2008 : Happy New Year

12/24/2008 : Census Bureau

12/17/2008 : Southeast Hospice Network

12/10/2008 : Christmas Parade

12/2/2008 : Three Arts Club Annual Holiday Market

11/12/2008 : Fat Tax

11/3/2008 : Kevin Chitwood

10/27/2008 : Networking

10/15/2008 : PH Machine

10/9/2008 : Mentone Realty

9/30/2008 : Vote

9/29/2008 : Community Forum

9/17/2008 : Fort Payne’s annual heritage celebration, Boom Days

9/10/2008 : Liberty Tax Service

9/3/2008 : TARCOG

8/27/2008 : Country Boy Grill

8/21/2008 : Time Warner Cable

8/13/2008 : Better Business Bureau of North Alabama

8/4/2008 : DeKalb County Fiddlers’ Convention

7/15/2008 : The Gun Center

7/9/2008 : The Career Readiness Certificate

6/30/2008 : Main Street Deli

6/23/2008 : Moments in Time Photography

6/18/2008 : Turf Tamer

6/9/2008 : BCA Leader to Leader

6/4/2008 : Vicky Kirby-Edward Jones Investments

6/2/2008 : The Package Store

5/14/2008 : Hallelujah Trail

5/9/2008 : Krazy Kudzu Follies

4/21/2008 : Chamber Breakfast for April

4/11/2008 : Tax Deadline

3/19/2008 : March 19, 2008

3/17/2008 : March 12, 2008

3/3/2008 : Scam Artist