Alabama Code 40-21-23. Notice of valuation sent by department
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Alabama Code 40-21-23
- Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
After computing the valuation of the tangible and intangible property of a public utility taxpayer, the Department of Revenue shall notify the taxpayer and assess such value in accordance with the procedures set forth in Chapter 2A of this Title 40.