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·Title 41 State Government·Ch. 10 Authorities·Art. 6 Historic Blakeley Authority

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

Alabama § 41-10-179 (Taxation of Income, Property, Leases, Bonds, Etc., of the Authority) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.