HB400 Alabama 2022 Session

Under existing law, ad valorem taxation applies to all real property in the state unless expressly exempted by law.

This bill would provide that all grain bin structures and parts used for preparing a grain for market would be exempt from ad valorem taxation.

Relating to exemptions from ad valorem taxation; to amend Section 40-9-1, Code of Alabama 1975; and to exempt grain bins from ad valorem taxation.