GroundRules
Ala. Code § 11-81-172: Revenue Bonds - Exemption from Taxation.
Where this section sits in the code
- Title 11 Counties and Municipal Corporations.
- Title 3 Provisions Applicable to Counties and Municipal Corporations.
- Chapter 81 Municipal and County Bonds.
- Article 5 Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.
The bonds and interest coupons issued under this article are hereby exempted from any and all state, county, municipal and other taxation whatsoever under the laws of the State of Alabama, and it shall be plainly stated on the face of each such bond as follows: “The principal of and interest on this bond are exempted from any and all state, county and municipal and other taxation whatsoever under the laws of the State of Alabama.”
Collected 2026-09-03T14:01:52Z. Source file · JSON