Ala. Code § 40-18-341

Current through the 2024 Regular Session.

Section 40-18-341 - [Repealed Effective 12/31/2028] Expense of qualified irrigation equipment

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.

Ala. Code § 40-18-341 (1975)

Repealed by Act 2023-546,§ 8, eff. 12/31/2028.

Added by Act 2012-391,§ 2, eff. 5/14/2012.