Alabama Statutes
§ 41-9-453 — Solicitation and Acceptance of Donations, Contributions, Etc.; Exemption from Taxation of Property, Income, Etc., of Board and Gifts Thereto
The board may solicit and accept donations, contributions, and gifts of money and property, and all gifts made to the board shall be exempt from all taxation in Alabama. All property, money, income, resources, and activities of the board shall likewise be exempt from taxation.
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Alabama § 41-9-453 (Solicitation and Acceptance of Donations, Contributions, Etc.; Exemption from Taxation of Property, Income, Etc., of Board and Gifts Thereto) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1967, No. 225, p. 594, §4.)