Alabama Statutes
§ 40-9-32 — Exemption of Shares in Corporations from Ad Valorem Tax
Alabama·Title 40 Revenue and Taxation·Ch. 9 Exemptions from Taxation and Licenses·Art. 1 General Provisions
Shares of stock in corporations or associations incorporated under the laws of this state or otherwise shall be exempt from ad valorem taxation in this state.
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Alabama § 40-9-32 (Exemption of Shares in Corporations from Ad Valorem Tax) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Act 99-665, 2nd Sp. Sess., p. 131, §8.)
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