Creates the Rural Industry Reshoring and Reinvestment Act; creates the Rural Reshoring Tax Credit Program; creates Rural Industrial Site Development Grant Program

This bill establishes the Rural Industry Reshoring and Reinvestment Act to attract manufacturing and supply chain companies to rural areas of Alabama by offering financial incentives. It creates a tax credit program that provides eligible businesses with up to 5% of qualifying payroll for up to 10 years when they create at least 15 full-time jobs with wages at or above the county median, plus an additional 10% bonus for projects that replace imported supply chains. The legislation also sets up a grant program to fund infrastructure improvements like roads, utilities, and broadband at rural industrial sites, with a separate grant for job creation based on the number of new positions. The Department of Commerce will designate specific rural areas as opportunity zones based on population and economic indicators, and these designations will be reviewed every three years.