GroundRules
Ala. Code § 11-54-31: Exemption from Taxation of Projects, Bonds, Etc.
Where this section sits in the code
- Title 11 Counties and Municipal Corporations.
- Title 2 Provisions Applicable to Municipal Corporations Only.
- Chapter 54 Promotion of Industry, Trade, Commerce and Pollution Control.
- Article 2 Acquisiton, Etc., of Projects for Promotion of Industry, Trade, and Pollution Control Generally.
The bonds authorized by this article and the income therefrom, all mortgages executed as security therefor, all lease agreements made pursuant to the provisions of this article, 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