Alabama Statutes
§ 2-6-123 — Federal Income Taxation
Alabama § 2-6-123
JurisdictionAlabama
Title 2Agriculture
Ch. 6Agricultural Center
Art. 5Garrett Coliseum Redevelopment Act
This text of Alabama § 2-6-123 (Federal Income 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 § 2-6-123 (2026).
Text
The corporation shall have the power to make payments to the United States of America as the directors deem necessary to cause the interest on any bonds of the corporation to be and remain exempt from federal income taxation. The corporation shall have the power to make agreements respecting the investment of funds of the corporation necessary in order that the interest income on bonds of the corporation be and remain exempt from federal income taxation.
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Legislative History
(Act 2011-575, p. 1231, §25.)
Nearby Sections
15
§ 2-1-1
Definitions§ 2-1-11
Animal Identification Program§ 2-1-13
Agricultural Tourist Attractions§ 2-1-9
Penalty for Violation§ 2-10-100
Associations May FederateCite This Page — Counsel Stack
Bluebook (online)
Alabama § 2-6-123, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/2-6-123.