As used in this article, the following terms shall have the following meanings:
(1) AGRICULTURAL TRADE OR BUSINESS. Any trade or business described in the 2007 North American Industry Classification System, Sector 11, and includes such trades or businesses that may be hereafter reclassified in any subsequent publication of the North American Industry Classification System.
(2) OFF-STREAM UPLAND RESERVOIR. A reservoir that does not dam the stream and is not built within the stream bed or wetlands.
(3) QUALIFIED IRRIGATION EQUIPMENT. Equipment used by agricultural trade or business in irrigation systems, including but not limited to equipment used to construct irrigation systems and water wells.
(4) QUALIFIED RESERVOIR. An off-stream upland reservoir used as a source of water for irrigation by an agricultural trade or business.
Structure Code of Alabama
Title 40 - Revenue and Taxation.
Article 14 - Irrigation Equipment Tax Credit.
Section 40-18-340 - Definitions.
Section 40-18-341 - Expense of Qualified Irrigation Equipment.
Section 40-18-342 - Tax Credit for Equipment and Conversion Costs.
Section 40-18-343 - Applicability of Environmental and Water Laws and Regulations.