Alabama Administrative Code
Title 810 - ALABAMA DEPARTMENT OF REVENUE
Chapter 810-4-3 - REQUIREMENTS FOR ASSESSING AND GRANTING OF ABATEMENT OF NONEDUCATIONAL AD VALOREM TAXES ON CERTAIN INDUSTRIAL PROPERTY
Section 810-4-3-.04 - Authorization For Abatement - Chapter 9B

Universal Citation: AL Admin Code R 810-4-3-.04

Current through Register Vol. 42, No. 11, August 30, 2024

(1) Noneducational Ad Valorem Tax may be abated with respect to private use industrial property. Education taxes, as defined in 40-9B-3(5)Code of Ala. 1975, cannot be abated.

(2) Abatement of noneducational Ad Valorem Tax cannot exceed the maximum exemption period as defined in § 40-9B-3.

(3) In addition to the terms above, the abatement will terminate if the property ceases to be used in the active conduct of an industrial or research enterprise, or the approved activity for six (6) consecutive months.

Author: Jennifer D. Byrd

Statutory Authority: Code of Ala. 1975, § 40-2A-7(a)(5), Title 40, Section 9B.

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