Title 40 — Title 40
0 chapters · 2,056 sections in this title.
Ala. Code § 40-22-1 Deeds, Bills of Sale, Etc
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(a) Except as set out in subsection (b), no deed, bill of sale, or other instrument of like character which conveys any real or personal property within this state or which conveys any interest in any such property shall be received for record unless the privilege or license tax …
Ala. Code § 40-22-10 Tax Upon Recording Transfer of Instrument Recorded by Exempt Institution - Exemption of
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Debt Secured by Instrument Upon Which Recording Tax Has Previously Been Paid. If any transfer of any such mortgage, deed of trust, contract of conditional sale, or other instrument of like character described in Section 40-22-6 has heretofore been filed for record in any probate …
Ala. Code § 40-22-11 Tax Upon Recording Transfer of Instrument Recorded by Exempt Institution - Waiver of
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Exemption from Payment of Recording Tax. Any corporation, organization, or institution now or hereafter exempt from the recording privilege tax imposed by Section 40-22-2 may, at the time of presenting for record any mortgage, deed of trust, contract of conditional sale or other …
Ala. Code § 40-22-12 Tax Upon Recording Transfer of Instrument Recorded by Exempt Institution - Construction of
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Sections 40-22-6 through 40-22-11. Sections 40-22-6 through 40-22-11 are remedial and shall be liberally construed. If any section or provision of such sections is held to be void or unconstitutional, such holding shall not affect the validity of any other provisions of such sect…
Ala. Code § 40-22-2 Mortgages, Deeds of Trust, Etc., Generally
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No mortgage, deed of trust, contract of conditional sale, or other instrument of like character which is given to secure the payment of any debt which conveys any real or personal property situated within this state or any interest therein or any security agreement or financing s…
Ala. Code § 40-22-3 Tax on Mortgages Not Applicable to Any Bank Unless Applicable to All
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The term “bank” as used in this section shall be held to mean a corporation holding a charter issued by the Comptroller of the United States or the banking authorities of the State of Alabama and duly authorized to receive funds on deposit, to be repaid on demand, and to carry on…
Ala. Code § 40-22-4 Exemption of Production Credit Corporations and Associations
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No tax levied upon the recordation of mortgages, deeds of trust, and instruments of like character shall be levied upon or collected from any corporation or association organized pursuant to Subchapter IV of Chapter 7, Title 12, United States Code Annotated, with respect to any i…
Ala. Code § 40-22-5 Exemption of Certain Farm Loans from Tax
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No tax levied upon the recordation of mortgages, deeds of trust, and instruments of like character shall be levied upon or collected from any corporation or association engaged exclusively in making farm or crop loans, with respect to any instrument executed to secure a loan made…
Ala. Code § 40-22-5.1 Exemption of Certain Conveyances by Religious Organizations from Tax
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No tax under Section 40-22-1 shall be levied upon the recordation of any deed, bill of sale, or any similar instrument or conveyances of like character which conveys title to or any interest in any real or personal property within this state and which is executed and delivered fo…
Ala. Code § 40-22-6 Tax Upon Recording Transfer of Instrument Recorded by Exempt Institution - Generally
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If any mortgage, deed of trust, contract of conditional sale, or other instrument of like character heretofore or hereafter filed for record in any probate office of this state which was or shall be given to secure the payment of any debt incurred to a corporation, organization, …
Ala. Code § 40-22-7 Tax Upon Recording Transfer of Instrument Recorded by Exempt Institution - Certification of
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Payment of Tax. Upon the filing for record of a transfer under Section 40-22-6 and upon payment of such tax and recording fees, the probate judge or his clerk shall certify on such transfer the fact that the said tax has been paid; and, when so certified by the probate judge or h…
Ala. Code § 40-22-8 Tax Upon Recording Transfer of Instrument Recorded by Exempt Institution - Transfers Not
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Subject to Tax Imposed by Section 40-22-1. No transfer under Section 40-22-6 hereafter filed for record shall be subject to the recording privilege tax imposed by Section 40-22-1. History: (Acts 1951, No. 816, p. 1449, §3.)
Ala. Code § 40-22-9 Tax Upon Recording Transfer of Instrument Recorded by Exempt Institution - Debt Secured
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by Instrument so Transferred Exempt from Ad Valorem Taxes. If the recording privilege tax imposed by Sections 40-22-6 through 40-22-11 of this title or by Section 40- 22-2 is paid, the debt secured by the instrument so transferred shall thereafter be exempt from any ad valorem ta…