Alabama Statutes

§ 40-20-36 — How Exemption Obtained Upon Existing Interests

Alabama·Title 40 Revenue and Taxation·Ch. 20 Oil and Gas·Art. 2 Mineral Documentary Tax

Application for such exemption upon existing interests shall be made to the probate judge of the county wherein the land lies in which such interest is owned, by filing application in triplicate with the said judge, which shall contain the following information:

(1)Name of applicant;
(2)Address of applicant;
(3)Complete description of land affected, including aggregate acreage;
(4)Fractional interest for which exemption is applied and nature of such interest;
(5)Recording data concerning the instrument creating the interest including grantor or lessor, grantee or lessee, date of instrument, book and page of record, and date of filing;
(6)Length of primary term;
(7)Recording data on instruments divesting original party of any interest, including subsequent assignments thereof in a po

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Legislative History

(Acts 1957, No. 261, p. 332, §7; Acts 1961, No. 864, p. 1346, §1.)

Nearby Sections

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