Alabama § 11-20-47 Exemptions of Corporations - Taxation

Alabama Statutes

§ 11-20-47 — Exemptions of Corporations - Taxation

Alabama § 11-20-47

Title 11Counties and Municipal Corporations

Ch. 20Promotion of Industry and Trade

Art. 2Industrial Development Boards

This text of Alabama § 11-20-47 (Exemptions of Corporations - Taxation) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 11-20-47 (2026).

Text

The corporation, all properties at any time owned by it and income therefrom of the corporation, all bonds issued by the corporation and the income therefrom, conveyances by or to the corporation and leases and mortgages by or to the corporation shall be exempt from all taxation in the State of Alabama. No license or excise tax may be imposed on any corporation in respect of the privilege of engaging in any of the activities authorized by this article.

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The corporation, all properties at any time owned by it and income therefrom of the corporation, all bonds issued by the corporation and the income therefrom, conveyances by or to the corporation and leases and mortgages by or to the corporation shall be exempt from all taxation in the State of Alabama. No license or excise tax may be imposed on any corporation in respect of the privilege of engaging in any of the activities authorized by this article.