The industrial development board and all properties at any time owned by it and the income therefrom and all bonds issued by it and the income therefrom shall be exempt from all taxation in the State of Alabama.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.
Article 4 - Industrial Development Boards.
Division 1 - General Provisions.
Section 11-54-80 - Definitions.
Section 11-54-81 - Legislative Intent; Construction of Division Generally.
Section 11-54-83 - Certificate of Incorporation - Contents; Execution and Acknowledgment.
Section 11-54-85 - Certificate of Incorporation - Amendment.
Section 11-54-86 - Board of Directors.
Section 11-54-88 - Additional Powers as to Pollution Control Facilities.
Section 11-54-90 - Bonds - Security for Payment of Principal and Interest; Remedies Upon Default.
Section 11-54-92 - Liability of Municipalities Upon Bonds, Agreements, Obligations, etc., of Boards.
Section 11-54-93 - Disposition of Net Earnings of Boards.
Section 11-54-96 - Exemptions of Boards - Taxation.
Section 11-54-96.1 - Ad Valorem Taxes Required of Hotels, etc., Built Under Section 11-54-80.
Section 11-54-97 - Exemption of Boards - Usury and Interest Laws.
Section 11-54-98 - Exemption of Boards - Competitive Bid Laws.
Section 11-54-99 - Validation of Attempted Incorporation of Certain Industrial Development Boards.