Alabama · 2026 Regular Session · Bill
HB 206: Trusts; amend Alabama Principal and Income Act, permit trustee to adjust between principal and income
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
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).
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Property & Estates
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Tim Wadsworth | Primary sponsor | Republican | House | 14 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Read for the Second Time and placed on the Calendar (Financial Services)
- Reported Out of Committee House of Origin
- Read for the first time and referred to the House Committee on Financial Services
- Pending Committee Action in House of Origin (Financial Services)