House Bill 393 Alabama 2026 Session
Summary
- Primary Sponsor
Kelvin LawrenceRepresentativeDemocrat- Session
- 2026 Regular Session
- Title
- Tax abatement and tax incentive programs, NAICS Code references and definitions updated to latest terms
- Description
Under existing law, the state has established research and development corridors and grants as well as various tax abatements and incentives that include references to the now outdated Accelerate Alabama Strategic Economic Development Plan. These laws also include references to the 2012 North American Industry Classification System (NAICS) Codes used to classify business establishments by industry sector.
This bill would remove references to the Accelerate Alabama Strategic Economic Development Plan and align relevant sections with the provisions of the Alabama Jobs Act.
This bill would update NAICS Codes used to classify business establishments by industry sector, bringing them in line with the latest updates released in 2022.
This bill would make nonsubstantive, technical revisions to update existing code language to current style.
- Subjects
- Taxation & Revenue
Bill Actions
Pending House Economic Development and Tourism
Read for the first time and referred to the House Committee on Economic Development and Tourism
Bill Text
Documents
Source: Alabama Legislature