Home/Alabama/Statutes/Title 40: Revenue and Taxation/Ch. 9: Exemptions from Taxation and Licenses/Art. 1: General Provisions/§ 40-9-32
Alabama Statutes

§ 40-9-32 — Exemption of Shares in Corporations from Ad Valorem Tax

Alabama § 40-9-32
JurisdictionAlabama
Title 40Revenue and Taxation
Ch. 9Exemptions from Taxation and Licenses
Art. 1General Provisions

This text of Alabama § 40-9-32 (Exemption of Shares in Corporations from 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 § 40-9-32 (2026).

Text

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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Legislative History

(Act 99-665, 2nd Sp. Sess., p. 131, §8.)

Nearby Sections

15
§ 40-1-1
Definitions
§ 40-1-10
Duty of Salaried Officers as to Disposition of Fees Collected
§ 40-1-13
Defense of Actions Involving Revenue Laws
§ 40-1-14
Payment of Court Costs
§ 40-1-15
Execution Sufficient Warrant for Levy
§ 40-1-16
Copies of Books, Records, Papers, Etc., Admitted in Evidence
§ 40-1-17
Judgment on Verdict in Favor of State Against Officers
§ 40-1-18
Falsely Returning List of Taxpayer as Sworn To
§ 40-1-19
Bank Officer Failing to Make, Swear To, and Deliver Required Statements
§ 40-1-2
Lien for Taxes - Generally
§ 40-1-20
Taxing Authorities Acting as Attorney for Taxpayer
§ 40-1-21
Access to Books and Records of Revenue Officers
§ 40-1-22
Penalty for Officers Who Neglect Duty
§ 40-1-23
Liability of Officers for Conversion
§ 40-1-24
Duty of Sheriff in Selling Property Under Execution, Etc
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Bluebook (online)
Alabama § 40-9-32, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/40-9-32.