Alabama Statutes
§ 40-22-9 — Tax Upon Recording Transfer of Instrument Recorded by Exempt Institution - Debt Secured by Instrument so Transferred Exempt from Ad Valorem Taxes
If the recording privilege tax imposed by Sections 40-22-6 through 40-22-11 of this title or by Section 40-22-2 is paid, the debt secured by the instrument so transferred shall thereafter be exempt from any ad valorem tax, either state, county, or municipal.
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Alabama § 40-22-9 (Tax Upon Recording Transfer of Instrument Recorded by Exempt Institution - Debt Secured by Instrument so Transferred Exempt from Ad Valorem Taxes) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1951, No. 816, p. 1449, §4.)
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