Updates NAICS Codes and removes outdated references in Alabama's tax abatement and incentive programs.
This bill updates North American Industry Classification System (NAICS) Codes used in Alabama's tax abatement and incentive programs to align with the latest 2022 update. It removes references to the outdated Accelerate Alabama Strategic Economic Development Plan and makes technical revisions to existing code language. The changes aim to ensure that the state's economic development efforts are aligned with current industry classifications and strategic plans.
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