Alabama § 40-12-375 Corporations, Associations and Partnerships; Certain Veterans Not Exempt

Alabama Statutes

§ 40-12-375 — Corporations, Associations and Partnerships; Certain Veterans Not Exempt

Alabama § 40-12-375

JurisdictionAlabama

Title 40Revenue and Taxation

Ch. 12Licenses

Art. 7Exemption of Certain Persons

Div. 3Veterans of World War II

This text of Alabama § 40-12-375 (Corporations, Associations and Partnerships; Certain Veterans Not Exempt) 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 § 40-12-375 (2026).

Text

No exemption under the provisions of this division shall be allowed any corporation or association. As to partnerships, the exemption shall be allowed a partnership only when each partner thereof individually would be entitled to an exemption hereunder. However, an individual entitled to an exemption shall not be denied it by reason of being a member of a partnership in those cases when the licenses are required of the individual members of a partnership and not of the partnership as such.
Any veteran whose property, both real and personal, is valued at $7,000 or more or whose net annual income is $3,000 or more shall not be granted the exemption provided herein, but shall be granted an exemption of $15 on his licenses from each city, county and state.

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No exemption under the provisions of this division shall be allowed any corporation or association. As to partnerships, the exemption shall be allowed a partnership only when each partner thereof individually would be entitled to an exemption hereunder. However, an individual entitled to an exemption shall not be denied it by reason of being a member of a partnership in those cases when the licenses are required of the individual members of a partnership and not of the partnership as such.
Any veteran whose property, both real and personal, is valued at $7,000 or more or whose net annual income is $3,000 or more shall not be granted the exemption provided herein, but shall be granted an exemption of $15 on his licenses from each city, county and state.