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Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-18-340

Definitions

Official textalison.legislature.state.al.us

REPEALED BY ACT 2023-546, EFFECTIVE DECEMBER 1, 2028 UNLESS EXTENDED BY AN ACT OF THE LEGISLATURE.
As used in this article, the following terms shall have the following meanings:

# (1)

AGRICULTURAL TRADE OR BUSINESS. Any trade or business described in the 2007 North American Industry Classification System, Sector 11, and includes such trades or businesses that may be hereafter reclassified in any subsequent publication of the North American Industry Classification System.

# (2)

OFF-STREAM UPLAND RESERVOIR. A reservoir that does not dam the stream and is not built within the stream bed or wetlands.

# (3)

QUALIFIED IRRIGATION EQUIPMENT. Equipment used by agricultural trade or business in irrigation systems, including but not limited to equipment used to construct irrigation systems and water wells.

# (4)

QUALIFIED RESERVOIR. An off-stream upland reservoir used as a source of water for irrigation by an agricultural trade or business.

Last amended: Act 2012-391, p. 1049, §1.

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In this chapter (40 sections)
  1. 40-18-270 · Short Title
  2. 40-18-271 · Deduction for Businesses That Hire Certain Unemployed…
  3. 40-18-272 · Adoption of Rules
  4. 40-18-273 · (Repealed by Act 2023-546, § 5, Effective December 31,…
  5. 40-18-290 · Short Title
  6. 40-18-291 · Definitions
  7. 40-18-292 · Legislative Findings
  8. 40-18-293 · Alabama Income and Financial Institution Excise Tax Credit
  9. 40-18-294 · (Repealed by Act 2023-546, § 6, Effective December 31,…
  10. 40-18-310 · Definitions. (Amended by Act 2026-100)
  11. 40-18-311 · Income Tax Deduction; Contributions to Catastrophe Savings…
  12. 40-18-312 · Distributions from Catastrophe Savings Account; Additional…
  13. 40-18-313 · Promulgation of Rules
  14. 40-18-320 · Short Title
  15. 40-18-320.1 · Definitions
  16. 40-18-321 · Availability of Tax Credit
  17. 40-18-322 · Eligibility for Tax Credit
  18. 40-18-323 · Expenses Associated with a Start-Up Business
  19. 40-18-324 · Duties and Procedures
  20. 40-18-325 · (Repealed by Act 2023-546, § 7, Effective December 31,…
  21. 40-18-340 · Definitions
  22. 40-18-341 · Expense of Qualified Irrigation Equipment
  23. 40-18-342 · Tax Credit for Equipment and Conversion Costs
  24. 40-18-343 · Applicability of Environmental and Water Laws and…
  25. 40-18-344 · Rules and Regulations
  26. 40-18-345 · (Repealed by Act 2023-546, § 8, Effective December 31,…
  27. 40-18-360 · Definitions
  28. 40-18-361 · Tax Credit for Certain Adoptions
  29. 40-18-362 · Postsecondary Education Assistance
  30. 40-18-363 · Rulemaking Authority
  31. 40-18-370 · Short Title; Legislative Findings; Definitions
  32. 40-18-370.1 · Legislative Findings as to Enhancement of Alabama Jobs Act
  33. 40-18-371 · Requirements for Receipt of Incentives
  34. 40-18-372 · Qualifying Projects - Activities and Standards. (Amended by…
  35. 40-18-373 · Approved Companies
  36. 40-18-374 · Claiming of Incentives; Project Agreement; Amounts and…
  37. 40-18-375 · Jobs Credit Against Utility Taxes; Realization of Benefits;…
  38. 40-18-376 · Investment Credit; Realization Methods; Rulemaking Authority
  39. 40-18-376.1 · Projects in Targeted or Jumpstart Counties
  40. 40-18-376.2 · Additional Jobs Credit for Employment of Veterans
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