GroundRules
Ala. Code § 11-20-12: Exemption from Taxation of Projects, Bonds, Etc.
Where this section sits in the code
- Title 11 Counties and Municipal Corporations.
- Title 1 Provisions Applicable to Counties Only.
- Chapter 20 Promotion of Industry and Trade.
- Article 1 Acquisition, Ownership, and Lease of Projects by Counties.
The bonds authorized by this article and the income therefrom, all mortgages executed as security therefor, all lease agreements made pursuant to the provisions hereof and all projects and the revenue derived from any lease thereof shall be exempt from all taxation in the State of Alabama.
Collected 2026-09-03T14:01:51Z. Source file · JSON