Physicians, rural physicians income tax credit, replace existing credit

HB 115 replaces Alabama's existing rural physician tax credit with a new program. It ends the current $5,000 annual credit (set to expire in 2028) by moving the termination date to December 31, 2026, while allowing physicians who used the old credit for fewer than five years to continue claiming it under the new rules through 2026. The new credit provides $10,000 annually for up to four years (for tax years 2027-2031) to physicians practicing in defined rural communities (populations under 75,000, including small municipalities or unincorporated areas). Physicians must apply through the Alabama Statewide Area Health Education Center Program Office, which verifies eligibility and issues certification before claiming the credit.