Alabama § 40-22-11 Tax Upon Recording Transfer of Instrument Recorded by Exempt Institution - Waiver of Exemption from Payment of Recording Tax

Alabama Statutes

§ 40-22-11 — Tax Upon Recording Transfer of Instrument Recorded by Exempt Institution - Waiver of Exemption from Payment of Recording Tax

Alabama § 40-22-11

Title 40Revenue and Taxation

Ch. 22Recordation Tax

This text of Alabama § 40-22-11 (Tax Upon Recording Transfer of Instrument Recorded by Exempt Institution - Waiver of Exemption from Payment of Recording 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 § 40-22-11 (2026).

Text

Any corporation, organization, or institution now or hereafter exempt from the recording privilege tax imposed by Section 40-22-2 may, at the time of presenting for record any mortgage, deed of trust, contract of conditional sale or other instrument of like character executed to it, waive its exemption from payment of such recording privilege tax with respect to such instrument and pay the tax imposed by said section at the time such instrument is presented to the judge of probate for filing, and no transfer of the indebtedness thereby secured, thereafter presented for recording, shall be subject to any recording privilege tax, but shall be filed for record by the judge of probate upon the payment of the recording fees to the judge of probate.

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Any corporation, organization, or institution now or hereafter exempt from the recording privilege tax imposed by Section 40-22-2 may, at the time of presenting for record any mortgage, deed of trust, contract of conditional sale or other instrument of like character executed to it, waive its exemption from payment of such recording privilege tax with respect to such instrument and pay the tax imposed by said section at the time such instrument is presented to the judge of probate for filing, and no transfer of the indebtedness thereby secured, thereafter presented for recording, shall be subject to any recording privilege tax, but shall be filed for record by the judge of probate upon the payment of the recording fees to the judge of probate.