Peanuts and Pecans Stored in Licensed Warehouses.

  1. Law
  2. Code of Alabama
  3. Revenue and Taxation.
  4. Exemptions From Taxation and Licenses.
  5. General Provisions.
  6. Peanuts and Pecans Stored in Licensed Warehouses.

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Section 40-9-3

Peanuts and pecans stored in licensed warehouses.

In addition to the persons and property exempt from ad valorem taxation as prescribed in Section 40-9-1, the following property shall also be exempt from ad valorem taxation: All peanuts and pecans, wherever grown, stored in licensed warehouses in the State of Alabama for a period not exceeding 12 months.

(Acts 1965, No. 457, p. 659.)


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