Beginning April 1, 2003, a trade or business in counties with populations under 30,000 engaged in the postharvest processing of peanuts described in the 1987 Standard Industrial Classification Manual, or its successor, shall constitute an industrial or research enterprise for only purposes of this chapter related to state and local taxes that do not fund public education and such trade or business, and the property thereof, shall be eligible for the abatement of taxes in accordance with this chapter but in no event shall such trade or business, and the property thereof, be eligible for the abatement of any state or local taxes that support public education.
Structure Code of Alabama
Title 40 - Revenue and Taxation.
Chapter 9B - Tax Incentive Reform Act of 1992.
Section 40-9B-1 - Short Title.
Section 40-9B-2 - Legislative Findings.
Section 40-9B-3 - Definitions.
Section 40-9B-4 - Authorization of Abatement.
Section 40-9B-4.1 - Availability of Incentives.
Section 40-9B-5 - Granting of Abatement.
Section 40-9B-6 - Procedure for Granting Abatement.
Section 40-9B-7 - Private Use Property; Taxation Thereof.
Section 40-9B-9 - Approval Required for Certain Abatements.
Section 40-9B-11 - Exemption Period for Qualified Industrial or Research Enterprises.
Section 40-9B-12 - Availability of Abatements After December 31, 2018.
Section 40-9B-13 - Disaster Recovery Tax Incentive Protection.