Alabama Statutes

§ 40-18-41 — Amortization of Ad Valorem Tax

Alabama § 40-18-41
JurisdictionAlabama
Title 40Revenue and Taxation
Ch. 18Income Taxes
Art. 1General Provisions

This text of Alabama § 40-18-41 (Amortization of Ad Valorem Tax) 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 § 40-18-41 (2026).

Text

Any surplus remaining from the proceeds of the tax imposed by this chapter after providing for interest and installment annual payments or annual amortization installments on the current debts of the state as of September 30, 1932, shall be applied to the reduction of the ad valorem state tax on real and personal property.

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Legislative History

(Acts 1935, No. 194, p. 256; Code 1940, T. 51, §408.)

Nearby Sections

15
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Bluebook (online)
Alabama § 40-18-41, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/40-18-41.