Alabama Code (Last Updated: November 28, 2014) |
Title9 CONSERVATION AND NATURAL RESOURCES. |
Chapter8A. COST-SHARE GRANTS FOR SOIL AND WATER CONSERVATION. |
§9-8A-14. Exemption of cost-share grants from taxation.
Latest version.
-
The gross income for Alabama income tax purposes of an eligible person receiving a cost-share grant from the commission pursuant to this chapter shall not include the amount of such cost-share grant. The commission shall take such steps as may be necessary to qualify the cost-share grant program provided herein with the United States Secretary of the Treasury and the United States Secretary of Agriculture as a program qualifying under Section 126(a)(10) of the Internal Revenue Code of 1954, as amended.