Alabama Statutes
§ 4-3-8 — Exemption of Bonds, Property and Income of Authority from Taxation; Concessionaires, Tenants, Etc., Subject to State and Local Taxation
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Alabama § 4-3-8 (Exemption of Bonds, Property and Income of Authority from Taxation; Concessionaires, Tenants, Etc., Subject to State and Local Taxation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1963, No. 265, p. 696, §16.)
Nearby Sections
15
§ 4-10-1
Legislative Findings§ 4-10-2
Definitions§ 4-10-3
Program Established; Purpose§ 4-10-4
Award of Grants§ 4-10-5
Funding§ 4-10-6
Rulemaking Authority§ 4-2-1
Short Title§ 4-2-10
Reckless Operation of Aircraft§ 4-2-13
Repeal of Conflicting Laws§ 4-2-2
Purpose of Chapter§ 4-2-3
Definitions