The bill amends Section 40-18-374 of the Alabama Jobs Act to introduce provisions for the recapture of jobs act incentives awarded to incentivized companies. Specifically, it stipulates that these incentives may be recaptured if the incentivized company or a related company is found to have engaged in human trafficking violations or violated the Fair Labor Standards Act of 1938. The new legal language inserted into the current law includes specific references to human trafficking laws and federal child labor provisions, thereby expanding the conditions under which incentives can be revoked.

Additionally, the bill maintains the existing framework for the project agreement that incentivized companies must execute with the Governor, detailing various requirements such as the project's location, activities, and anticipated wages. The act is set to take effect on October 1, 2024, following its passage in the Senate with unanimous support.

Statutes affected:
Introduced: 40-18-374
Engrossed: 40-18-374