AL SB251

Removes references to the outdated "Accelerate Alabama Strategic Economic Development Plan" (adopted January 2012) and replaces them with the current comprehensive economic development plan, "CatALyst," or any successor document developed by the Department of Commerce

Updates NAICS (North American Industry Classification System) code references from the 2012 version to the 2022 version across multiple sections governing tax abatements, incentives, and research grants

Amends five sections of Alabama Code (11-66A-2, 40-9B-3, 40-9G-1, 40-18-372, and 41-23-252) related to research and development corridors, industrial development property tax abatements, utility tax exemptions, and qualifying project definitions

Makes technical corrections including updating constitutional references from "Constitution of Alabama of 1901" to "Constitution of Alabama of 2022" and correcting typographical errors such as "NACIS" to "NAICS"

Effective date: June 1, 2026; passed the Senate unanimously (26-0) on February 19, 2026