Economic development tax incentives; value of the repayment of awarded tax incentives required to be published
HB 292 requires Alabama's Department of Commerce to publish the value of any tax incentive repayments made by companies that fail to meet the terms of their project agreements under the Alabama Jobs Act. This directly affects companies receiving economic development incentives who later violate their project agreements. The bill adds this repayment information to the existing list of details (like company name, job estimates, and investment values) already required to be published on the department's website. It does not change the incentives themselves but increases transparency about when companies must repay incentives for noncompliance.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 18, 2025
Last action Feb 18, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
1
Committee
1
Feb 18, 2025
Lower · Passed
Pending Committee Action in House of Origin (Economic Development and Tourism)
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Neil Rafferty
DDemocratic
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