Bill > SB22

This bill amends the Alabama Jobs Act to expand the conditions under which jobs act incentives can be recaptured from companies. Specifically, the bill adds two new grounds for recapturing incentives: if an incentivized company is found guilty of human trafficking under Alabama state law or violates federal child labor provisions of the Fair Labor Standards Act. The bill maintains the existing requirement that companies enter into a project agreement with the Governor that details specific conditions for receiving jobs act incentives, such as the number of jobs created, capital investment, and anticipated wages. The amendments allow the state to revoke tax incentives if a company is found to be engaging in serious labor law violations, thereby adding an ethical compliance mechanism to the existing economic development incentive program. The bill is set to become effective on October 1, 2025, and was passed unanimously by the Alabama Senate.

Budget and Finance, Business and Industry

https://alison.legislature.state.al.us/bill-search