Updates NAICS Code references and removes outdated Accelerate Alabama Strategic Economic Development Plan references in Alabama's tax abatement and.
This bill updates North American Industry Classification System (NAICS) Code references in Alabama's tax abatement and incentive programs to the latest 2022 version. It removes references to the outdated Accelerate Alabama Strategic Economic Development Plan from relevant sections. The bill also makes nonsubstantive, technical revisions to update existing code language to current style. The changes aim to align the state's economic development incentives with current industry classifications and strategic plans.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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