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 references to violations of human trafficking laws as outlined in Sections 13A-6-152 and 13A-6-153, as well as federal child labor provisions.

Additionally, the bill maintains the existing framework for the project agreement that incentivized companies must execute with the Governor to claim jobs act incentives. This agreement outlines various details such as the name and location of the project, the activities conducted, the incentives granted, and the obligations of the company. The bill is set to take effect on October 1, 2024, following its passage through the legislative process.

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