Prepare Alabama Investment Program established, tax credits for donations to trade schools and trade programs authorized

SB 111 creates the "Prepare Alabama Investment Program" to fund trade schools and vocational programs through state tax credits. It allows individuals and businesses to claim tax credits against Alabama income, excise, premium, or utility taxes when donating to eligible trade schools, community foundations, or workforce programs. These donations must be used exclusively for constructing, maintaining, or upgrading facilities that support career technical education. The program is overseen by a board within the Alabama Department of Workforce, which certifies eligible entities and publishes approved recipients annually.