Partnertax.ai
Start free trial →

Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-9-7

Personal Property Held by Warehouseman for Distribution

Official textalison.legislature.state.al.us

# (a)

Personal property manufactured, compounded or processed remaining the property of the manufacturer, compounder or processor, held for him by a licensed public warehouseman for distribution shall be exempted from ad valorem taxation by the State of Alabama and the counties and municipalities of the state.

# (b)

A warehouseman holding personal property exempted by this section shall keep records of the receipt and disposal of all such property which shall be open to inspection during business hours by any duly constituted official responsible for the administration of any ad valorem tax law. The license of any warehouseman who fails to keep the records required by this section may be revoked by the Commissioner of Revenue after due notice and a hearing if requested by the warehouseman.

# (c)

The Commissioner of Revenue shall issue such rules and regulations as he deems necessary or appropriate to the administration of this section.

Last amended: Acts 1975, No. 838, p. 1673, §§1-3.

Source: view the official text

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this chapter (40 sections)
  1. 40-9-1 · Exemption of Persons and Property from Ad Valorem Taxation
  2. 40-9-1.1 · Stringfellow Memorial Hospital
  3. 40-9-1.2 · Alabama Eye Bank
  4. 40-9-2 · Claim of Exemption of Homestead and Household and Kitchen…
  5. 40-9-3 · Peanuts and Pecans Stored in Licensed Warehouses
  6. 40-9-4 · Products or Materials Used in Textile Manufacture
  7. 40-9-5 · Manufacturers of Calcium Cyanamide, Aluminum or Aluminum…
  8. 40-9-6 · Personal Property Stored for Shipment Outside of State
  9. 40-9-7 · Personal Property Held by Warehouseman for Distribution
  10. 40-9-8 · Artesian Wells Leased to Municipalities
  11. 40-9-9 · Y.m.c.a
  12. 40-9-10 · Y.w.c.a
  13. 40-9-11 · Y.w.c.o
  14. 40-9-12 · The March of Dimes, Inc., Y.m.h.a., Seamen’s Home of Mobile,…
  15. 40-9-12.1 · United Appeal Fund Organizations and Supported Charities
  16. 40-9-13 · Volunteer Fire Departments, Alabama Society of D.a.r., Annual…
  17. 40-9-14 · Property Used for Public Purposes
  18. 40-9-14.1 · Certificates of Exemption to Governmental Entities,…
  19. 40-9-14.2 · Airport Authorities
  20. 40-9-14.3 · Certificates of Exemption to Statutorily Exempt Entities…
  21. 40-9-15 · Alabama State Fair and Exhibit Association
  22. 40-9-16 · Property of Corporation or Association Formed for Social or…
  23. 40-9-17 · Property Owned and Used or Held by Colleges for Certain…
  24. 40-9-18 · Property of Corporation Organized for Purpose of Aiding…
  25. 40-9-19 · Homesteads
  26. 40-9-19.1 · Governing Body of Municipality Authorized to Exempt…
  27. 40-9-20 · Certain Homes Owned by Veterans or Their Widows
  28. 40-9-21 · Principal Residences and 160 Acres Adjacent Thereto of…
  29. 40-9-21.1 · Verification of Eligibility by Mail for Certain Persons.…
  30. 40-9-21.2 · Falsely Claiming Homestead Exemption
  31. 40-9-21.3 · Disabled Veterans Property Tax Debt-to-Income Ratio…
  32. 40-9-22 · Nuclear Fuel Assemblies
  33. 40-9-23 · Corporations Organized to Establish Regional Mental Health…
  34. 40-9-24 · Property Tax Relief Fund
  35. 40-9-25 · George Lindsey Celebrity Benefit, Inc., Alabama Special…
  36. 40-9-25.1 · Magic Moments
  37. 40-9-25.2 · Habitat for Humanity Organizations and West Alabama Youth…
  38. 40-9-25.3 · Rainbow Omega, Inc
  39. 40-9-25.4 · Farley L. Berman Foundation, Inc
  40. 40-9-25.5 · American Bowling Congress
Full table of contents →