Alabama · 2026 Regular Session · Bill

HB 206: Trusts; amend Alabama Principal and Income Act, permit trustee to adjust between principal and income

In committee Last action January 29, 2026: Read for the Second Time and placed on the Calendar (Financial Services)

Plain-language summary

HB 206 is a bill introduced in the Alabama House on January 14, 2026. According to its official title, it concerns: Trusts; amend Alabama Principal and Income Act, permit trustee to adjust between principal and income. Primary sponsor: Tim Wadsworth (Republican). Most recent recorded action (January 29, 2026): Read for the Second Time and placed on the Calendar (Financial Services).

Sponsors

Primary sponsor: Tim Wadsworth (Republican).