{"data":{"id":"us-al/ala.-code-11-81-149","jurisdiction":"us-al","citation":"Ala. Code § 11-81-149","heading":"Exemption from Taxation of Undertakings, Bonds, Etc.","body":"So long as the municipality or county shall own or possess any undertaking the property and revenue of such undertaking shall be exempt from all taxation. Bonds issued under this division and the income therefrom shall be exempt from all taxation.","path":["Title 11 Counties and Municipal Corporations.","Title 3 Provisions Applicable to Counties and Municipal Corporations.","Chapter 81 Municipal and County Bonds.","Article 4 Public Improvement Bonds.","Division 2 Bonds for Certain Revenue-Producing Undertakings."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=11-81-149","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"b7a76a5d12c12114000e0dd201112ddc255ee55e5227f3bb1cc442ae4f7a83c0","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-11-81-148","next":"us-al/ala.-code-11-81-150"},"notice":"GroundRules: Original legal text. Not legal advice."}