Alabama § 41-10-179 Taxation of Income, Property, Leases, Bonds, Etc., of the Authority

Alabama Statutes

§ 41-10-179 — Taxation of Income, Property, Leases, Bonds, Etc., of the Authority

Alabama § 41-10-179

Title 41State Government

Ch. 10Authorities

Art. 6Historic Blakeley Authority

This text of Alabama § 41-10-179 (Taxation of Income, Property, Leases, Bonds, Etc., of the Authority) 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 § 41-10-179 (2026).

Text

The authority shall have a tax-exempt status, and the properties of the authority and the income therefrom, all lease agreements and contracts made by it, all bonds issued by it and the coupons applicable thereto and the income therefrom and all indentures executed with respect thereto shall be forever exempt from any and all taxation by the State of Alabama and any political subdivision thereof, including, but not limited to, income, admission, amusement, excise, and ad valorem taxes.

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The authority shall have a tax-exempt status, and the properties of the authority and the income therefrom, all lease agreements and contracts made by it, all bonds issued by it and the coupons applicable thereto and the income therefrom and all indentures executed with respect thereto shall be forever exempt from any and all taxation by the State of Alabama and any political subdivision thereof, including, but not limited to, income, admission, amusement, excise, and ad valorem taxes.