HB240 Alabama 2023 Session

Summary

Primary Sponsor

Cynthia Lee AlmondAlabama Public Service Commission

Republican

Session

Regular Session 2023

Title

Relating to economic development; to add Section 40-18-379.1 to the Code of Alabama 1975, to require the Department of Commerce to publish certain information regarding economic development incentives awarded under the Alabama Jobs Act.

Summary

HB240 would require the Alabama Department of Commerce to publish detailed information about economic development incentives awarded under the Alabama Jobs Act on its website.

What This Bill Does

If enacted, the bill would require the Department of Commerce to publish for each incentivized project the company name, county, estimated capital investment, estimated number of new jobs, estimated average hourly wage, estimated value of the jobs credit, estimated value of the investment credit, projected 10-year and 20-year return on incentives, and the value of any cash incentive committed. It would also require aggregated performance data for all projects incentivized under the Alabama Jobs Act. The information would be publicly accessible to increase transparency about incentives.

Who It Affects

• The Alabama Department of Commerce, which must publish the specified incentive data on its website.
• Incentivized companies and the counties hosting their projects, whose project details and overall performance data would be publicly disclosed.

Key Provisions

• Add Section 40-18-379.1 requiring the Department of Commerce to publish on its website, for each project incentivized under the Alabama Jobs Act, the name of the company, the county, estimated capital investment, estimated number of new jobs, estimated average hourly wage, estimated value of the jobs credit, estimated value of the investment credit, projected 10-year and 20-year return on incentives, and the value of any cash incentive committed.
• Provide aggregated performance data on all projects incentivized under the Alabama Jobs Act.
• Take effect on the first day of the third month following its passage and approval by the Governor, or upon becoming law otherwise.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Alabama Jobs Act, require Commerce Department to publish information regarding economic incentives on its website