Expense of Qualified Irrigation Equipment

Official textalison.legislature.state.al.us

REPEALED BY ACT 2023-546, EFFECTIVE DECEMBER 1, 2028 UNLESS EXTENDED BY AN ACT OF THE LEGISLATURE.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.

Last amended: Act 2012-391, p. 1049, §2.

Source: view the official text

In this chapter (40 sections)

40-18-271 · Deduction for Businesses That Hire Certain Unemployed…
40-18-272 · Adoption of Rules
40-18-273 · (Repealed by Act 2023-546, § 5, Effective December 31,…
40-18-290 · Short Title
40-18-291 · Definitions
40-18-292 · Legislative Findings
40-18-293 · Alabama Income and Financial Institution Excise Tax Credit
40-18-294 · (Repealed by Act 2023-546, § 6, Effective December 31,…
40-18-310 · Definitions. (Amended by Act 2026-100)
40-18-311 · Income Tax Deduction; Contributions to Catastrophe Savings…
40-18-312 · Distributions from Catastrophe Savings Account; Additional…
40-18-313 · Promulgation of Rules
40-18-320 · Short Title
40-18-320.1 · Definitions
40-18-321 · Availability of Tax Credit
40-18-322 · Eligibility for Tax Credit
40-18-323 · Expenses Associated with a Start-Up Business
40-18-324 · Duties and Procedures
40-18-325 · (Repealed by Act 2023-546, § 7, Effective December 31,…
40-18-340 · Definitions
40-18-341 · Expense of Qualified Irrigation Equipment
40-18-342 · Tax Credit for Equipment and Conversion Costs
40-18-343 · Applicability of Environmental and Water Laws and…
40-18-344 · Rules and Regulations
40-18-345 · (Repealed by Act 2023-546, § 8, Effective December 31,…
40-18-360 · Definitions
40-18-361 · Tax Credit for Certain Adoptions
40-18-362 · Postsecondary Education Assistance
40-18-363 · Rulemaking Authority
40-18-370 · Short Title; Legislative Findings; Definitions
40-18-370.1 · Legislative Findings as to Enhancement of Alabama Jobs Act
40-18-371 · Requirements for Receipt of Incentives
40-18-372 · Qualifying Projects - Activities and Standards. (Amended by…
40-18-373 · Approved Companies
40-18-374 · Claiming of Incentives; Project Agreement; Amounts and…
40-18-375 · Jobs Credit Against Utility Taxes; Realization of Benefits;…
40-18-376 · Investment Credit; Realization Methods; Rulemaking Authority
40-18-376.1 · Projects in Targeted or Jumpstart Counties
40-18-376.2 · Additional Jobs Credit for Employment of Veterans
40-18-376.3 · Qualifying Projects by Technology Companies

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