Alabama Statutes
§ 40-18-341 — Expense of Qualified Irrigation Equipment
REPEALED BY ACT 2023-546, EFFECTIVE DECEMBER 1, 2028 UNLESS EXTENDED BY AN ACT OF THE LEGISLATURE.
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. §179, as such section existed on January 1, 2011.
Free access — add to your briefcase to read the full text and ask questions with AI
Alabama § 40-18-341 (Expense of Qualified Irrigation Equipment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
§ 179
26 U.S.C. § 179
Legislative History
(Act 2012-391, p. 1049, §2.)
Nearby Sections
15
§ 40-1-1
Definitions§ 40-1-14
Payment of Court Costs§ 40-1-2
Lien for Taxes - Generally§ 40-1-23
Liability of Officers for Conversion