Alabama Statutes
§ 23-7-26 — Taxation of Bonds and Income
Alabama·Title 23 Highways, Roads, Bridges and Ferries·Ch. 7 Alabama Transportation Infrastructure Bank Act
Any bonds issued by the bank, the transfer of bonds, and the income from them, are free from taxation and assessment of every kind by the state and by the local governments and other political subdivisions of the state.
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Legislative History
(Act 2015-50, §26.)
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Establishment