ALtax_creditflat_per_projectinactive

Veterans Employment Act – Business Start-Up Expense Credit

VEA-BIZ · Alabama

Summary

$2,000 nonrefundable credit for veteran-owned businesses (≥50% owned by recently deployed unemployed veteran) started after April 2, 2012, located in Alabama, with net profit ≥$3,000 in credit year. EXPIRED December 31, 2023.

Benefit

Percentage: —
Flat: $2,000 per project
Duration: —
Max annual: — (taxpayer)
Max total: — (taxpayer)
Carryforward: —

Program metadata

Distribution: taxpayer_earned
Claimant subject: business
Refund/transfer election: none
Program family: —
Effective: 2012-01-01
Sunset: 2023-12-31
Application deadline: —
Transfer discount: —

Hard requirements (3)

ownership_pct_by_classRecently deployed unemployed veteran must hold at least 50% ownership interest in the business
ownership_classQualifying ownership class for VEA-BIZ: recently deployed unemployed veteran
min_net_profitBusiness must show a net profit of at least $3,000 in the year in which the credit is taken

Preference / tiering rules (0)

None.

NAICS industries (0)

Any.

Geo zones (0)

Statewide / none specified.

Tags (3)

requires_precertification: true
requires_dol_verification: true
portal: My Alabama Taxes

Tax bases

corporate_income_taxprimary

Source

https://www.revenue.alabama.gov/tax-incentives/income-tax-incentives/

Sections 40-18-320 through 40-18-324 (Section 40-18-323), Code of Ala. 1975

Last verified: 2026-04-12