Alabama Statutes
§ 11-81A-5 — Exemption of Securities from Taxation
Alabama·Title 11 Counties and Municipal Corporations·Ch. 81A Issuance of Securities in Anticipation of Receipt of Grants
All securities issued by authority of this chapter and the interest thereon shall be exempt from all taxation in the state.
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Legislative History
(Acts 1980, No. 80-697, p. 1400, §5.)
Nearby Sections
15
§ 11-1-1
Number and Names of Counties§ 11-1-2
County Declared a Body Corporate