HB393 is a bill in the Alabama Legislature (2026 Regular Session): Tax abatement and tax incentive programs, NAICS Code references and definitions updated to latest terms.

What is the status of HB393?

Signed into law as of April 17, 2026. Latest action: Enacted (April 17, 2026).

Lawrence, Kelvin (D, HD-069), with 3 co-sponsors.

Where is the official record for HB393?

On the Alabama Legislature website: https://alison.legislature.state.al.us/instrument/2026RS/HB393

Alabama legislation · 2026 Regular Session

Alabama HB393: Tax abatement and tax incentive programs, NAICS Code references and definitions updated to latest terms

Q: What does HB393 do?

In its own words: An Act, Relating to economic development; to amend Sections 11-66A-2 and 41-23-252, Code of Alabama 1975, regarding research and development corridors and grants, and Sections 40-9B-3, 40-9G-1, and 40-18-372, Code of Alabama 1975, regarding tax abatements and incentives; to remove references to the outdated Accelerate Alabama Strategic Economic Development Plan; to update NAICS Code references to the latest update released in 2022; and to make nonsubstantive, technical revisions to update existing code language to current style.

Status: Signed into law, April 17, 2026

What the bill says

An Act, Relating to economic development; to amend Sections 11-66A-2 and 41-23-252, Code of Alabama 1975, regarding research and development corridors and grants, and Sections 40-9B-3, 40-9G-1, and 40-18-372, Code of Alabama 1975, regarding tax abatements and incentives; to remove references to the outdated Accelerate Alabama Strategic Economic Development Plan; to update NAICS Code references to the latest update released in 2022; and to make nonsubstantive, technical revisions to update existing code language to current style.

From the enrolled text:

An Act, Relating to economic development; to amend Sections 11-66A-2 and 41-23-252, Code of Alabama 1975, regarding research and development corridors and grants, and Sections 40-9B-3, 40-9G-1, and 40-18-372, Code of Alabama 1975, regarding tax abatements and incentives; to remove references to the outdated Accelerate Alabama Strategic Economic Development Plan; to update NAICS Code references to the latest update released in 2022; and to make nonsubstantive, technical revisions to update existing code language to current style. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. Sections 11-66A-2, 40-9B-3, 40-9G-1, 40-18-372, and 41-23-252, Code of Alabama 1975, are amended to read as follows: "§11-66A-2 (a) The Legislature finds and determines the public good, welfare, and economy of the state are best served by providing and encouraging the development, growth, improvement, and support of new and creative economic opportunities for existing and future qualified enterprises to establish and continue projects in this state for innovative processes and products. These include specifically thosethe business sectors expressly identified in Accelerate Alabama 2.0, the strategic the current comprehensive economic development plan, CatALyst, or any amended version or successor document thereto, developed by the Department of Page successor document thereto, developed by the Department of HB393 Enrolled Commerce. (b) In furtherance of subsection (a) the legislative intent and public purpose of this chapter is: (1) …

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Alabama HB393: Tax abatement and tax incentive programs, NAICS Code references and definitions updated to latest terms

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