Alabama § 16-60-311 Exemptions from Taxation

Alabama Statutes

§ 16-60-311 — Exemptions from Taxation

Alabama·Title 16 Education·Ch. 60 Trade Schools and Junior Colleges·Art. 15 Community Outreach Partneship at Jefferson State Community College

(a)All assets and properties of the center, the income therefrom, and all other income of the center are exempt from any form of taxation in the State of Alabama whether imposed by the state, a county, or a municipality.

(b)All gifts, grants, devises, and bequests to the center by individuals, associations, corporations, and other business entities are exempt from all county and municipal taxes, and are deductible from state income taxes in accordance with Section 40-18-15 and other applicable law.

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(a) All assets and properties of the center, the income therefrom, and all other income of the center are exempt from any form of taxation in the State of Alabama whether imposed by the state, a county, or a municipality.
(b) All gifts, grants, devises, and bequests to the center by individuals, associations, corporations, and other business entities are exempt from all county and municipal taxes, and are deductible from state income taxes in accordance with Section 40-18-15 and other applicable law.

Alabama § 16-60-311 (Exemptions from Taxation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.