SB275 Alabama 2022 Session

Summary

Primary Sponsor

Larry StuttsSenator

Republican

Session

Regular Session 2022

Title

Taxation, grain bins exempt from ad valorem taxation, Sec. 40-9-1 am'd.

Summary

SB275 would exempt grain bin structures and parts used to prepare grain for market from Alabama's ad valorem property taxes.

What This Bill Does

The bill amends Section 40-9-1 to add grain bins to the exemptions from ad valorem taxation. It applies to grain bin structures and their component parts that are used exclusively for storing, holding, drying, preserving, or otherwise preparing grain for market. To qualify, the grain bins must be used exclusively for these purposes, and the exemption takes effect immediately after the bill becomes law.

Who It Affects

• Grain producers and grain storage operators who own or use grain bins would not owe ad valorem taxes on those bins.
• County and municipal tax assessors and local governments, which collect ad valorem taxes, would see reduced tax revenue from grain-bin properties.

Key Provisions

• Exempts grain bin structures and their component parts used exclusively for storing, holding, drying, preserving, or preparing grain for market from ad valorem taxation.
• Grain bin is defined as a structure and its component parts used for the purposes described.
• Grain bins are added to the exemptions list under Section 40-9-1.
• Effective date is immediate upon passage and the Governor's approval.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Taxation