Exemption from Taxation of Properties, Income, Etc., of Authority

Ala. Code § 41-10-401 — under Title 41.

Ala. Code § 41-10-401

The properties of the authority and the income therefrom, all lease agreements made by the authority and all lien notices, mortgages, assignments, and financing

statements filed with respect thereto shall be forever exempt from any and all taxation of the State of Alabama.

History: (Acts 1989, No. 89-704, p. 1402, §12.)