Economic development, references to outdated economic development plan and NAICS Codes updated
SB 243 aims to modernize Alabama's economic development laws by updating outdated references. It removes mentions of the "Accelerate Alabama Strategic Economic Development Plan" from statutes governing research and development corridors, grants, and various tax abatements and incentives, aligning them with the Alabama Jobs Act. Additionally, the bill updates the North American Industry Classification System (NAICS) Codes, used to classify businesses for economic development purposes, from the 2012 version to the latest 2022 version. These changes affect businesses and state agencies involved in economic development programs.
Bill status
died
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 18, 2025
Last action May 6, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
2
Committee
2
Apr 1, 2025
Upper · Passed
Reported Out of Committee House of Origin
upper
Mar 18, 2025
Upper · Passed
Pending Committee Action in House of Origin (Fiscal Responsibility and Economic Development)
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
April Weaver
RRepublican
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