{"data":{"id":"us-al/ala.-code-24-11-2","jurisdiction":"us-al","citation":"Ala. Code § 24-11-2","heading":"Legislative Declaration.","body":"The Legislature recognizes that saving for the purchase of a first home is very challenging in today’s economy. The Legislature declares that first-time and second chance home buyer savings accounts provide an opportunity for Alabama residents to save funds for home ownership. The first-time and second chance home buyer savings account program is intended to enable first-time and second chance home buyers in Alabama to plan for and utilize a tax incentive to save funds for a down payment and closing costs for the purchase of a first home in Alabama.","path":["Title 24 Housing.","Chapter 11 Alabama First-Time and Second Chance Home Buyer Savings Account Act."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=24-11-2","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"46c729e385b2e59ee76d8d47b2af0c1f5c29459538f64f2c6f81cfd9e899abcb","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-24-11-1","next":"us-al/ala.-code-24-11-3"},"notice":"GroundRules: Original legal text. Not legal advice."}