Section 40-9-3 Peanuts and pecans stored in licensed warehouses.
Section 40-9-3
Peanuts and pecans stored in licensed warehouses.
In addition to the persons and property exempt from ad valorem taxation as prescribed in Section 40-9-1, the following property shall also be exempt from ad valorem taxation: all peanuts and pecans, wherever grown, stored in licensed warehouses in the State of Alabama for a period not exceeding 12 months.
(Acts 1965, No. 457, p. 659.)