SB151 Alabama 2023 Session

Summary

Primary Sponsor

Garlan GudgerSenator

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

Requires the Alabama Department of Commerce to publish detailed and aggregated information about Alabama Jobs Act incentives on its website and creates a legislative advisory committee to oversee incentive programs.

What This Bill Does

It requires the Department of Commerce to post per-project incentive information and aggregated data on its website. It creates the Joint Legislative Advisory Committee on Economic Incentives to monitor, evaluate, and advise on how incentives are developed and awarded, and to report annually to the Legislature; it may request non-confidential data and may authorize a third-party evaluation. It also requires cooperation among the Department of Commerce, the Department of Revenue, and the Department of Finance for data, with annual aggregated incentive reporting, and provides public access to meeting minutes with protections for confidential information.

Who It Affects

• Private companies receiving incentives under the Alabama Jobs Act will have project details (such as name, location, investment, jobs, wages, and incentive values) published by the Department of Commerce.
• State agencies (Department of Commerce, Department of Revenue, Department of Finance) and the general public will gain transparency and oversight through published data, annual reports, and committee oversight.

Key Provisions

• Adds Section 40-18-379.1 requiring the Department of Commerce to publish on its website, for each project incentivized under the Alabama Jobs Act: company name, county, estimated capital investment, estimated new jobs, estimated average hourly wage, estimated values of jobs and investment credits, projected 10-year and 20-year return on incentives, and the value of any cash incentives committed, plus aggregated performance data.
• Amends Section 40-18-379 to create a permanent Joint Legislative Advisory Committee on Economic Incentives with defined leadership, rotating chair/vice-chair, meeting rules, and an advisory, not binding, role to monitor and evaluate the Department of Commerce’s incentive programs and to make recommendations; the committee may request non-confidential information and may commission a third-party evaluation.
• Requires cooperation among the Department of Commerce, the Department of Revenue, and the Department of Finance to provide requested data and to report aggregate incentive amounts by tax source each year.
• Provides that committee meetings are exempt from certain open meeting rules but minutes are public; allows code names to protect confidentiality and ongoing negotiations; ensures committee diversity in membership.
• Effective date is the first day of the third month after passage and approval by the Governor.

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