AL HB548

Establishes the Automotive Tariff Relief Grant Program with a $10 million annual cap to help Alabama manufacturers and suppliers offset costs from federal tariffs, covering cost mitigation, inventory diversification, workforce retention, and capital improvements

Creates a refundable Supply Chain Relocation and Expansion Tax Credit of up to 30% of qualifying investments for businesses relocating supply operations or expanding domestic sourcing, capped at $10 million annually and available for tax years 2027-2029

Establishes a low-interest loan program for supply chain relocation and expansion, capped at 30% of qualifying investment expenditures, contingent on ratification of a constitutional amendment

Creates the Export Market Diversification Program to help tariff-impacted businesses find new international markets through export financing, trade mission subsidies, and market entry consulting

Establishes a five-member Automotive Resilience Task Force appointed by the Governor, with first meeting by September 1, 2026, to monitor federal trade actions and recommend policy responses