Notwithstanding any other provision of law to the contrary, for all tax years beginning after December 31, 2011, any agricultural trade or business may elect to expense qualified irrigation equipment under the provisions of 26 U.S.C. ยง179, as such section existed on January 1, 2011.
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.