AL HB594

Creates a refundable Rural Reshoring Tax Credit equal to 5% of qualifying payroll for up to 10 years for manufacturing or logistics companies that create at least 15 full-time jobs paying at or above the county median wage in designated rural areas

Caps annual tax credit allocations at $10 million, with the program running from January 1, 2027 through the 2036 tax year

Provides an additional 10% Supply Chain Localization Bonus tax credit for businesses whose projects replace previously imported supply chains

Establishes the Industrial Site Development Grant Fund for infrastructure improvements including site grading, roads, utilities, broadband, and environmental permitting at rural industrial sites

Awards $3,000 Job Creation Performance Grants per full-time job created in Rural Industry Opportunity Zones, capped at $10 million annually