Bill > HB548

This bill, known as the Automotive Supply Chain Resilience and Expansion Act, aims to support Alabama's automotive manufacturing sector by addressing disruptions caused by federal tariffs and global trade instability. It establishes an "Automotive Tariff Relief Grant Program" administered by the Alabama Department of Commerce, offering grants of up to $10 million annually to eligible entities—defined as Alabama manufacturers or suppliers—facing hardship from "tariff-related disruptions" (increased costs, reduced revenue, or supply interruptions due to tariffs or foreign retaliatory measures). The bill also creates a "Supply Chain Relocation and Expansion Tax Credit," a refundable income tax credit for eligible entities that relocate supply operations, expand domestic sourcing, or invest in technology to reduce reliance on imports, with a cap of 30% of qualifying expenditures and an annual aggregate limit of $10 million for all taxpayers, applicable from 2027 through 2029. Additionally, it establishes a "Supply Chain Relocation and Expansion Loan Program" for low-interest loans to eligible entities, and an "Export Market Diversification Program" to assist businesses in finding new international markets, with priority for those impacted by foreign retaliatory tariffs. The bill also allows state procurement agencies to adjust bid scoring and contract requirements to mitigate tariff impacts and creates an "Automotive Resilience Task Force" to monitor trade actions, assess economic impacts, and recommend policy responses.

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