Alabama § 40-12-348 Corporations, Associations and Partnerships

Alabama Statutes

§ 40-12-348 — Corporations, Associations and Partnerships

Alabama § 40-12-348

JurisdictionAlabama

Title 40Revenue and Taxation

Ch. 12Licenses

Art. 7Exemption of Certain Persons

Div. 2Disabled Veterans

This text of Alabama § 40-12-348 (Corporations, Associations and Partnerships) 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 § 40-12-348 (2026).

Text

No exemption or commutation herein provided for shall be allowed any corporation, association, or partnership, except as to partnerships the prescribed exemption or commutation shall be allowed a partnership when each partner thereof would be individually entitled to an exemption hereunder; provided, that an individual entitled to such exemption shall not be denied it by reason of being a member of a partnership in those cases when license is required of the individual members of a partnership and not of the partnership as such.

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No exemption or commutation herein provided for shall be allowed any corporation, association, or partnership, except as to partnerships the prescribed exemption or commutation shall be allowed a partnership when each partner thereof would be individually entitled to an exemption hereunder; provided, that an individual entitled to such exemption shall not be denied it by reason of being a member of a partnership in those cases when license is required of the individual members of a partnership and not of the partnership as such.