Alabama § 41-10-553 Exemption from Taxes, Fees, Etc

Alabama Statutes

§ 41-10-553 — Exemption from Taxes, Fees, Etc

Alabama § 41-10-553

JurisdictionAlabama

Title 41State Government

Ch. 10Authorities

Art. 16Alabama Incentives Financing Authority

Div. 1General Provisions

This text of Alabama § 41-10-553 (Exemption from Taxes, Fees, Etc) 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 § 41-10-553 (2026).

Text

The income and property of the authority, all authority obligations and the interest paid on any such authority obligations, all conveyances by or to the authority, and all instruments by or to the authority shall be exempt from all taxation in the state. The authority shall also be exempt from all license and excise taxes imposed in respect of the privilege of engaging in any of the activities in which the authority may engage. The authority shall not be obligated to pay or allow any fees, taxes, or costs in the recording of any document to the judge of probate of any county.

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

The income and property of the authority, all authority obligations and the interest paid on any such authority obligations, all conveyances by or to the authority, and all instruments by or to the authority shall be exempt from all taxation in the state. The authority shall also be exempt from all license and excise taxes imposed in respect of the privilege of engaging in any of the activities in which the authority may engage. The authority shall not be obligated to pay or allow any fees, taxes, or costs in the recording of any document to the judge of probate of any county.