SB 251·AL·senate
Tax abatement and tax incentive programs, North American Industry Classification System Code references and definitions updated to latest terms
Passed One ChamberFiled Feb 3, 2026
Sponsor: Kirk Hatcher (D)
Latest Action
Read for the Second Time and placed on the Calendar (Economic Development and Tourism)
Mar 5, 2026
Summary
The Senate passed SB 251 to delete references to the old Accelerate Alabama Strategic Economic Development Plan and replace them with language aligned to the Alabama Jobs Act. It also updates the North American Industry Classification System (NAICS) codes used in the statutes to the latest 2022 revisions. The changes are technical and do not create new programs, but they ensure existing tax incentives are tied to current industry classifications.
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