2013 Code of Alabama
Title 40 - REVENUE AND TAXATION.
Chapter 9 - EXEMPTIONS FROM TAXATION AND LICENSES.
Section 40-9-3 - Peanuts and pecans stored in licensed warehouses.


AL Code § 40-9-3 (2013) What's This?
Section 40-9-3Peanuts and pecans stored in licensed warehouses.

In addition to the persons and property exempt from ad valorem taxation as prescribed in Section 40-9-1, the following property shall also be exempt from ad valorem taxation: All peanuts and pecans, wherever grown, stored in licensed warehouses in the State of Alabama for a period not exceeding 12 months.

(Acts 1965, No. 457, p. 659.)

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