HB574 Alabama 2017 Session

Updated Feb 26, 2026

Notable

Summary

Primary Sponsor: Alan BakerRepresentative
Republican
Session: Regular Session 2017
Title: Economic development, Alabama Jobs Act, incentives continued, cap on outstanding incentives, revised, certain percentage of full-time employees required, Secs. 40-18-370, 40-18-382, 40-18-383 am'd.
Summary: HB574 extends Alabama Jobs Act incentives to project agreements executed by 12/31/2023 and exempts megaprojects from the $850 million cap on outstanding incentives.
What This Bill Does
If signed into law, the bill allows incentive eligibility to continue for qualifying projects that have project agreements by December 31, 2023. It also removes the cap pressure for megaprojects by exempting them from the $850 million aggregate cap on outstanding incentives. Incentives remain available only for projects with timely agreements, and the Legislature would need to act to continue incentives for new projects after the 2023 date.

Who It Affects
Qualifying projects and their approved/related companies that have project agreements executed by December 31, 2023 (they would remain eligible for incentives).
Megaprojects (as defined by the act) are exempt from the $850 million cap, so their incentives do not count toward that cap.

Key Provisions
Extends eligibility for Alabama Jobs Act incentives to projects with project agreements executed on or before December 31, 2023.
exempts megaprojects from the aggregate cap on outstanding incentives (the cap remains for other projects).
Incentives for new projects after December 31, 2023 require legislative action (joint resolution or other applicable action) to continue or reinstate.
Amends Sections 40-18-370, 40-18-382, and 40-18-383 to reflect these changes.

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 Development