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AL HB435
Bill
Status
3/18/2025
Primary Sponsor
Andy Whitt
Click for details
AI Summary
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Removes outdated references to the Accelerate Alabama Strategic Economic Development Plan from Sections 11-66A-2, 40-9B-3, 40-9G-1, 40-18-372, and 41-23-252 of the Code of Alabama 1975.
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Updates all references to North American Industry Classification System (NAICS) Codes from the 2012 version to the 2022 version throughout economic development and tax abatement statutes.
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Aligns economic development provisions with the Alabama Jobs Act by removing specific references to the outdated strategic plan while maintaining substance of qualifying activities and industries.
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Effective date: June 1, 2025.
Legislative Description
Economic development, references to outdated economic development plan and North American Industry Classification System Codes updated
Economic Development
Last Action
Read for the Second Time and placed on the Calendar
5/6/2025