SB 371

Legislature; codification of 2025 Regular Session acts and Code Commissioner technical revisions into Code of Alabama 1975

Uniform Assignment for Benefit of Creditors Act; creates a voluntary state law process for distressed organizations to liquidate assets and distribute proceeds to creditors

Board of Pardons and Paroles; discretion whether to grant or deny parole, further provided; review of parole violations, procedure further provided to require consideration of totality of circumstances; penalties for certain parole-violations, increased

Ethics, eliminate certain notification requirement for candidates to Ethics Commission when otherwise in compliance with law

Electoral Voting of U.S. President and Vice President; procedures established if presidential electors fail to vote in accordance with state voters; Alabama Uniform Faithful Presidential Electors Act established

Governor, authorized to remove executive director or director of occupational or professional licensing boards

State employees, cost-of-living increase for fiscal year beginning October 1, 2026

Homestead Exemptions; removing the annual verification requirement for qualifying permanently and totally disabled veterans

Supplemental appropriations from the Education Trust Fund for the fiscal year ending September 30, 2026

Education Trust Fund Advancement and Technology Fund, appropriations for the fiscal year ending September 30, 2026

FY27 2% Teacher Pay Raise and Retiree Longevity Bonus

Individual income taxes, to allow an exclusion from gross income for contributions to Trump Accounts and to make permanent the exclusion for amounts paid by an employer on any qualified education loan.

Reckless Stunt Driving; a motor vehicle involved in a second offense of reckless stunt driving; replace the forfeiture penalty

Relating to sales tax on construction materials

An Act relating to the taxation of certain natural gas project property and related facilities; relating to local contributions for public school funding; relating to municipal property taxes; relating to the Alaska Gasline Development Corporation; relating to reporting requirements for natural gas pipeline projects; relating to approval of contracts by the Regulatory Commission of Alaska and inflation adjustment of the maximum price of natural gas; relating to an alternative volumetric tax on natural gas throughput; relating to agreements and a payment related to a natural gas project; relating to municipal impact grants; and providing for an effective date.

Sales tax: distribution; reporting and earmark of auto-related sales tax for the comprehensive transportation fund; provide for

An Act relative to Grafton's senior tax exemption

Subtraction Modification - Public Safety Retirement Income