The property and income of the authority, all bonds issued by the authority, the income from such bonds, conveyances by or to the authority, and leases, mortgages, and deeds of trust by or to the authority shall be exempt from all taxation in the State of Alabama. The authority shall be exempt from all taxes levied by any county, municipality, or other political subdivision of the state, including, but without limitation to, license and excise taxes imposed in respect of the privilege of engaging in any of the activities that an authority may engage in. The authority shall not be obligated to pay or allow any fees, taxes, or costs to the judge of probate of any county in respect of its incorporation, the amendment of its certificate of incorporation, or the recording of any document.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 49A - Public Transportation Service in Class 3 Municipalities.
Section 11-49A-1 - Legislative Findings and Purpose.
Section 11-49A-2 - Definitions.
Section 11-49A-3 - Meaning of "Herein," etc.; Construction of Definitions.
Section 11-49A-4 - Application; Resolution of Denial or Approval by Governing Body.
Section 11-49A-8 - Powers of Authority.
Section 11-49A-9 - Rates for Public Transportation Service.
Section 11-49A-11 - Bonds - Contracts as Security for Payment.
Section 11-49A-12 - Statutory Mortgage Lien; Creation; Filing of Notice.
Section 11-49A-13 - Use of Bond Proceeds.
Section 11-49A-14 - Powers of Localities, Agencies, Etc.
Section 11-49A-15 - Exemption From Taxes, Fees, and Costs.
Section 11-49A-16 - Exemption From Additional Proceedings, Regulation, Etc.
Section 11-49A-17 - Use of Rights-of-Way.
Section 11-49A-18 - Annual Budget; Amendments; Annual Audit.
Section 11-49A-19 - Dissolution of Authority; Apportionment of Property.
Section 11-49A-20 - Incorporation of Additional Authorities in Same County Prohibited.