# Ala. Code § 40-9B-2: Section 40-9B-2 Legislative Findings

> Alabama · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C9B_S40-9B-2

## Section

- **Citation:** Ala. Code § 40-9B-2
- **Heading:** Section 40-9B-2 Legislative Findings
- **Jurisdiction:** Alabama
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Alabama Code / Title 40 / Chapter 9B / Section 40-9B-2

## Text

The Legislature recognizes the importance of industrial development to the well being of the people of the state. The Legislature also recognizes that industries are attracted by a number of factors, including natural resources, a well-trained workforce, good roads, and excellent education. The Legislature also recognizes that in some cases additional incentives are required to succeed in attracting new industries and encouraging existing industries to expand and therefore intends to continue to allow county and municipal governments and certain public corporations to provide substantial tax incentives.

## Nearby sections

- [Ala. Code § 40-9B-1 Section 40-9B-1 Short Title](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C9B_S40-9B-1.md)
- [Ala. Code § 40-9B-2 Section 40-9B-2 Legislative Findings](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C9B_S40-9B-2.md)
- [Ala. Code § 40-9B-3 Section 40-9B-3 Definitions. (Amended by Acts 2026-550 and 2026-573)](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C9B_S40-9B-3.md)
- [Ala. Code § 40-9B-4 Section 40-9B-4 Authorization of Abatement. (Amended by Act 2026-573)](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C9B_S40-9B-4.md)
- [Ala. Code § 40-9B-4.1 Section 40-9B-4.1 Availability of Incentives. (Amended by Act 2026-573)](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C9B_S40-9B-4.1.md)
- [Ala. Code § 40-9B-5 Section 40-9B-5 Granting of Abatement](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C9B_S40-9B-5.md)
- [Ala. Code § 40-9B-6 Section 40-9B-6 Procedure for Granting Abatement](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C9B_S40-9B-6.md)
- [Ala. Code § 40-9B-7 Section 40-9B-7 Private Use Property; Taxation Thereof](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C9B_S40-9B-7.md)
- [Ala. Code § 40-9B-8 Section 40-9B-8 Certain Purchases of Tangible Personal Property Used in Constructing Industrial Development Property Exempted](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C9B_S40-9B-8.md)
- [Ala. Code § 40-9B-9 Section 40-9B-9 Approval Required for Certain Abatements](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C9B_S40-9B-9.md)
- [Ala. Code § 40-9B-10 Section 40-9B-10 Applicability to Certain Trades or Businesses Engaged in Postharvest Processing of Peanuts](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C9B_S40-9B-10.md)
- [Ala. Code § 40-9B-11 Section 40-9B-11 Exemption Period for Qualified Industrial or Research Enterprises](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C9B_S40-9B-11.md)
- [Ala. Code § 40-9B-12 Section 40-9B-12 Availability of Abatements After December 31, 2018](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C9B_S40-9B-12.md)
- [Ala. Code § 40-9B-13 Section 40-9B-13 Disaster Recovery Tax Incentive Protection](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C9B_S40-9B-13.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C9B_S40-9B-2. Check the current official text before relying on it. Not legal advice.