Ala. Admin. Code r. 810-6-2-.73
Current through Register Vol. 42, No. 10, July 31, 2024
Rail bonds used in the construction and maintenance of mine tracks used in bringing minerals to the surface of the earth are taxed at the special machine rate of 1 1/2%. This provision does not, however, extend to rail bonds used in the construction and maintenance of trucks used in transporting materials from the mine after the mining operation has been completed. §§ 40-23-2(3), 40-23-2(1)
Author:
Ala. Admin. Code r. 810-6-2-.73
Statutory Authority:Code of Ala. 1975, §§ 40-23-31, 40-23-83.