HB553 Alabama 2017 Session

Sponsors

Session

Regular Session 2017

Title

Employment, require employers who receive assistance from government to report relocation

Description

<p class="bill_description"> Under existing law, certain employers who relocate their business out of the State of Alabama are not required to report the relocation to the Secretary of the Department of Labor</p><p class="bill_description"> This bill would establish the Alabama Employer Fairness Act</p><p class="bill_description"> This bill would require each employer who does any business with this state, a state agency, or any political subdivision of this state or receives any tax credit, tax incentive, loan, or grant from the state, a state agency, or any political subdivision of this state to report the relocation to the Secretary of Labor</p><p class="bill_description"> This bill would require the Secretary of Labor to provide a list containing the names of each relocating employer and each employer who fails to meet the stated commitments of the tax credit, tax incentive, loan, or grant received from the state, a state agency, or any political subdivision of this state to certain public and elected officials</p><p class="bill_description"> This bill would provide for civil penalties against any employer who fails to provide appropriate relocation notice</p><p class="bill_description"> This bill would prohibit any employer who appears on the reporting list from receiving any direct or indirect tax credit, tax incentive, loan, or grant in the future</p><p class="bill_description"> This bill would require any employer who appears on the list to remit the unamortized value of any tax credit, tax incentive, loan, or grant, or any other governmental support</p><p class="bill_description"> This bill would also provide for exceptions</p><p class="bill_entitled_an_act"> Relating to economic development; to establish the Alabama Employer Fairness Act; to require each employer that does any business with this state, a state agency, or any political subdivision of this state or receives any tax credit, tax incentive, loan, or grant from the state, a state agency, or any political subdivision of this state to report any relocation of their business outside of this state to the Secretary of Labor; to require the Secretary of Labor to provide a list containing the names of each relocating employer and each employer who fails to meet the stated commitments of the tax credit, tax incentive, loan, or grant received from the state, a state agency, or any political subdivision of this state to certain public and elected officials; to provide civil penalties for any employer who fails to provide an appropriate relocation notice; to prohibit any employer who appears on the reporting list from receiving any direct or indirect tax credit, tax incentive, loan, or grant; to require any employer who appears on the list to remit the unamortized value of any tax credit, tax incentive, loan, or grant, or any other governmental support; and to provide exceptions. </p>

Subjects

Employment