{"data":{"id":"us-al/ala.-code-40-9-32","jurisdiction":"us-al","citation":"Ala. Code § 40-9-32","heading":"Exemption of Shares in Corporations from Ad Valorem Tax.","body":"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.","path":["Title 40 Revenue and Taxation.","Chapter 9 Exemptions from Taxation and Licenses.","Article 1 General Provisions."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=40-9-32","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"5e8ac48bd67be3bd4cfc6626af73bc711173e730c88b7b34b02b3cebe60d065f","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-40-9-31.1","next":"us-al/ala.-code-40-9-33"},"notice":"GroundRules: Original legal text. Not legal advice."}