State Energy Supply and Chemical Trade Stabilization Act established; income tax credit, grant program, and loan program created.

Summary

The bill establishes a state‑run program that offers up to $2 million in annual grants, a refundable tax credit and low‑interest loans to chemical and energy producers in Alabama. It also creates a five‑member board to assess trade‑related risks and recommend safeguards. The goal is to reduce reliance on volatile global supply chains and keep jobs and production in‑state.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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