Ala. Admin. Code r. 810-4-3-.04

Current through Register Vol. 43, No. 1, October 31, 2024

Section 810-4-3-.04 - Authorization For Abatement - Chapter 9B

(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.

Ala. Admin. Code r. 810-4-3-.04

Filed October 29, 1992. Refiled November 16, 1992; February 26, 1993. Amended: Filed December 15, 2005; effective January 19, 2005.

Amended by Alabama Administrative Monthly Volume XXXVII, Issue No. 02, November 30, 2018, eff. 12/31/2018.

Author: Jennifer D. Byrd

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