AL HB52

Requires the Legislature to appropriate at least $100 million annually to the CHOOSE Act Fund beginning with fiscal year 2026, with the Commissioner of Revenue depositing gross income tax receipts by June 1 each year.

Allows the Legislature to make additional appropriations to the CHOOSE Act Fund up to $150 million annually if the Commissioner certifies that increased funds are necessary based on prior-year participation and at least 90 percent of available funds have been obligated.

Limits excess, unused, accumulated funds in the CHOOSE Act Fund to $500 million; any amount exceeding this cap reverts to the Education Trust Fund as nonrecurring revenue.

Extends the sunset date for the income tax deduction for contributions to Alabama ABLE savings accounts from December 31, 2025 to December 31, 2030, allowing deductions up to $5,000 per year for eligible taxpayers.

Becomes effective on June 1, 2025.