Ohm's Law for AC (Alternating Current) states that the voltage across a conductor is equal to the product of the current flowing through it and the impedance of the conductor. In AC circuits, impedance replaces resistance as it accounts for both resistance and reactance, which is crucial for understanding how current and voltage behave in sinusoidal waveforms. This law provides a foundational relationship in analyzing AC circuits, especially when using phasors to represent sinusoidal sources.