Alabama § 4-3-8 Exemption of Bonds, Property and Income of Authority from Taxation; Concessionaires, Tenants, Etc., Subject to State and Local Taxation

Alabama Statutes

§ 4-3-8 — Exemption of Bonds, Property and Income of Authority from Taxation; Concessionaires, Tenants, Etc., Subject to State and Local Taxation

Alabama § 4-3-8

Title 4Aviation

Ch. 3Airport Authorities

Art. 1General Provisions

This text of Alabama § 4-3-8 (Exemption of Bonds, Property and Income of Authority from Taxation; Concessionaires, Tenants, Etc., Subject to State and Local 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 § 4-3-8 (2026).

Text

The bonds issued by the authority and the income therefrom shall be exempt from all taxation in the state. All property and income of the authority shall be exempt from all state, county, municipal and other local taxation; provided, however, that this exemption shall not be construed to exempt concessionaires, licensees, tenants, operators or lessees of the authority from the payment of any taxes, including licenses or privilege taxes levied by the state, the county or any municipality in the state.

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The bonds issued by the authority and the income therefrom shall be exempt from all taxation in the state. All property and income of the authority shall be exempt from all state, county, municipal and other local taxation; provided, however, that this exemption shall not be construed to exempt concessionaires, licensees, tenants, operators or lessees of the authority from the payment of any taxes, including licenses or privilege taxes levied by the state, the county or any municipality in the state.