Alabama Statutes
§ 33-10-25 — Exemption from Taxation; Servicing of Bonds
Alabama·Title 33 Navigation and Watercourses·Ch. 10 Ameraport Offshore Harbor and Terminal Commission
It is the intent of this chapter that the commission shall not be required to pay any taxes or assessments on any property acquired or used by it under the provisions of this chapter or upon the income therefrom, and any bonds issued hereunder shall be serviced from the income of said facility and shall be exempt from taxation by the State of Alabama, and by any municipal or political subdivision of the state.
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Alabama § 33-10-25 (Exemption from Taxation; Servicing of Bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1973, No. 1064, p. 1779, §2.)
Nearby Sections
15
§ 33-1-1.1
Definitions§ 33-1-11
Jurisdiction§ 33-1-12.1
Additional Powers§ 33-1-14
Appraisal of Real Estate; Approval of Facilities by Governor Prerequisite to Beginning Project§ 33-1-15
Amendment of Plans§ 33-1-16
Terminal Railroads§ 33-1-17
Title to Property§ 33-1-2
Alabama State Port Authority