The corporation, the property and income of the corporation, all bonds issued by the corporation, the income from such bonds, conveyances by or to the corporation and leases, mortgages and deeds of trust by or to the corporation shall be exempt from all taxation in the State of Alabama. No sales, use, license or excise tax may be imposed on any corporation in respect of the privilege of engaging in any of the activities authorized by this chapter.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 1 - Provisions Applicable to Counties Only.
Chapter 22 - Public Park and Recreation Boards.
Section 11-22-1 - Definitions.
Section 11-22-2 - Intent of Legislature.
Section 11-22-4 - Certificate of Incorporation - Contents; Execution.
Section 11-22-5 - Certificate of Incorporation - Filing and Recording.
Section 11-22-6 - Certificate of Incorporation - Amendments.
Section 11-22-7 - Board of Directors.
Section 11-22-8 - Powers Generally; Projects Partially Within County.
Section 11-22-11 - Bond Issues - Notice of Authorization of Issuance; Contesting of Validity.
Section 11-22-12 - Temporary Borrowing.
Section 11-22-13 - Tax Exemptions.
Section 11-22-14 - Liability of County.
Section 11-22-15 - Nonprofit Status; Disposition of Surplus Revenue.
Section 11-22-16 - Dissolution.
Section 11-22-17 - Recordation of Instruments.
Section 11-22-18 - Construction of Chapter.
Section 11-22-19 - Transfer of Assets From Other Public Corporations.