Legislative intent

(For effective date, see note.) Definitions. Taxable property. Ad valorem taxation of property of federal corporations and agencies. No situs status for foreign merchandise in transit and property with contract for commercial printing services. Return of property at fair market value. Assessment of tangible property. Tangible real property devoted to agricultural purposes. Preferential assessment for rehabilitated historic property. Preferential assessment for landmark historic property. Preferential assessment for bona fide conservation use property and bona fide residential transitional property. Assessment of standing timber; penalty for failure to timely report; effect of reduction of property tax digest; supplemental assessment. Preferential assessment for brownfield property. Preferential assessment for forest land conservation use property. [Reserved] Manner and time of making state levy; notice on taxpayer’s ad valorem tax bill. Persons liable for taxes on property. 48-5-12. 48-5-13. 48-5-14. 48-5-15. 48-5-15.1. 48-5-16. 48-5-18. 48-5-19. 48-5-20. 48-5-21. 48-5-22. 271 Forms of payment. Returnable property. Situs for returns by residents. Situs of returns by nonresidents. Instruction for local tax officials and staff. Liability of nonresidents, agents of nonresidents, and their property. Returns of taxable real property. Returns of real property and tangible personal property located on airport premises. Return of tangible personal property in county where business conducted; exemptions; boats; aircraft. Proceedings to determine county entitled to return and payment; collection pending determination; commissions. Time for making tax returns. Signature and declaration of persons making returns of taxable property. Effect of failure to return taxable property; acquisition of real property by transfer; penalty for failure to make timely return. Return and collection of taxes on property unlawfully exempted. Penalty for failing to have returned for taxation and to collect taxes on property unlawfully exempted. Collection and payment of taxes on tangible property in installments; authorization; alternate procedure. Payment of taxes to county in which returns are made; installment payments, inArticle 2 Sec. 48-5-26. 48-5-27. 48-5-28. 48-5-29. 48-5-30. 48-5-31. 48-5-32.