Ala. Code § 40-18-41: Amortization of Ad Valorem Tax.
Where this section sits in the code
- Title 40 Revenue and Taxation.
- Chapter 18 Income Taxes.
- Article 1 General Provisions.
Any surplus remaining from the proceeds of the tax imposed by this chapter after providing for interest and installment annual payments or annual amortization installments on the current debts of the state as of September 30, 1932, shall be applied to the reduction of the ad valorem state tax on real and personal property.
Collected 2026-09-03T14:01:52Z. Source file · JSON