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AL SB251
AL SB251Tax abatement and tax incentive programs, North American Industry Classification System Code references and definitions updated to latest terms
summary
Introduced
02/03/2026
02/03/2026
In Committee
03/04/2026
03/04/2026
Crossed Over
02/19/2026
02/19/2026
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Tax abatement and tax incentive programs, North American Industry Classification System Code references and definitions updated to latest terms
AI Summary
This bill updates Alabama law to reflect the latest terms and definitions used in tax abatement and incentive programs, particularly by referencing the most current version of the North American Industry Classification System (NAICS) codes, which are used to categorize business activities for economic development purposes. It also updates references to the state's comprehensive economic development plan, changing from "Accelerate Alabama 2.0" to "CatALyst" or its successors, and makes minor adjustments to definitions and cross-references within various sections of the Alabama Code related to economic development incentives, such as those for industrial or research enterprises, data processing centers, and tourism attractions, while also clarifying the constitutional reference from "1901" to "2022" for the Alabama Constitution.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (2)
Last Action
Read for the Second Time and placed on the Calendar (on 03/05/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://alison.legislature.state.al.us/bill-search |
| Fiscal Note - Passed First Chamber | https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/FiscalNotes/FN-FKEH35D-3.pdf |
| BillText | https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/SB251-eng.pdf |
| Fiscal Note - Reported by First Chamber Committee | https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/FiscalNotes/FN-FKEH35D-2.pdf |
| Senate Finance and Taxation General Fund Finance and Taxation General Fund 1st Amendment XDYVME7-1 | https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/XDYVME7-1.pdf |
| Fiscal Note - Introduced | https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/FiscalNotes/FN-FKEH35D-1.pdf |
| BillText | https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/SB251-int.pdf |
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