GroundRules
Ala. Code § 40-9-32: Exemption of Shares in Corporations from Ad Valorem Tax.
Where this section sits in the code
- Title 40 Revenue and Taxation.
- Chapter 9 Exemptions from Taxation and Licenses.
- Article 1 General Provisions.
Shares of stock in corporations or associations incorporated under the laws of this state or otherwise shall be exempt from ad valorem taxation in this state.
Collected 2026-09-03T14:01:52Z. Source file · JSON