Section 26-3-302 - Intangible personalty(a) All intangible personal property in this state is exempt from all ad valorem tax levies of counties, cities, and school districts in the state.(b)(1) Intangible personal property includes without limitation a permit or license required to place, operate, or maintain at a specific location one (1) or more structures or fixtures and the value associated with the permit or license to place, operate, or maintain at a specific location the structures or fixtures.(2) With respect to a self-service storage facility, as defined in § 18-16-401, intangible personal property includes without limitation goodwill, rental agreements, customer lists, security systems, future development opportunities, and management software.(c) The exemption provided in this section applies with respect to the assessment and taxation of intangible personal property on and after January 1, 1976, and ad valorem taxes shall not be assessed or collected on intangible personal property for any period after January 1, 1976.(d) Upon the request of a taxpayer, a county assessor shall provide to a taxpayer a written explanation of the value of the taxpayer's intangible personal property and how the value of the taxpayer's intangible personal property was excluded from the levy of ad valorem taxes.Amended by Act 2023, No. 332,§ 1, eff. 1/1/2023, app. for assessment years beginning on or after January 1, 2023.Amended by Act 2015, No. 573,§ 1, eff. effective for assessment years beginning on or after January 1, 2015.Acts 1977, No. 106, §§ 1, 2; A.S.A. 1947, §§ 84-213, 84-214.