Alabama Statutes
§ 11-59-16 — Exemption from Taxation of Corporations, Facilities, Bonds, Etc
The corporation and all facilities at any time owned by it and the income therefrom and all bonds issued by it and the income therefrom shall be exempt from all taxation in the State of Alabama.
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Alabama § 11-59-16 (Exemption from Taxation of Corporations, Facilities, Bonds, Etc) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1947, No. 231, p. 94, §11.)
Nearby Sections
15
§ 11-1-1
Number and Names of Counties§ 11-1-2
County Declared a Body Corporate