HB251 Alabama 2015 Session

Summary

Primary Sponsor

Patricia Todd

Democrat

Session

Regular Session 2015

Title

Annual report, economic incentives, by Executive Branch to Legislature

Summary

HB251 would require the Executive Branch to annually report to the Legislature on economic incentives awarded in the previous year.

What This Bill Does

The bill creates a mandatory annual reporting requirement for the Executive Branch to summarize economic incentives given in the prior year. It defines what counts as an economic incentive and who qualifies as a recipient, including terms for full-time, part-time, and temporary jobs. The report must include the number of recipients, breakdown of incentive types, projected new jobs by category, average wages by category, and the projected date and amount of future tax revenue generated by the incentives. The reports are due by the fifth legislative day of each regular session, starting with the session in 2014.

Who It Affects

• Executive Branch agencies and offices that administer economic incentives will need to collect and compile data for the annual report.
• Businesses, entities, or individuals receiving economic incentives will be part of the data reported to the Legislature.
• The Alabama Legislature will receive the annual reports and use them to review and oversee economic incentive programs.

Key Provisions

• Requires the Executive Branch to submit an annual report to the Legislature detailing economic incentives for the previous year.
• Provides definitions for terms including economic incentive, recipient, full-time job, part-time job, and temporary job.
• Specifies report contents: total recipients, breakdown of incentive types, projected new jobs by category, average salaries by category, and projected future tax revenue and start date.
• Sets due date for reports: no later than the fifth legislative day of each regular session (beginning in 2014) for the prior fiscal year.
• Effective date: becomes law on the first day of the third month after passage and approval.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Economic Growth and Development