A nonprofit corporation designated as a district management corporation under this article shall be exempt from the state corporate income tax, corporate franchise tax, and permit fee and from state, county, and municipal sales, use, license, gross receipts, and ad valorem taxes.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 54B - Self-Help Business Improvement Districts.
Article 1 - General Provisions.
Section 11-54B-1 - Legislative Findings.
Section 11-54B-2 - Definitions.
Section 11-54B-3 - Development and Maintenance of Self-Help Business Improvement Districts.
Section 11-54B-5 - Requirements of Request for Creation of Self-Help Business Improvement District.
Section 11-54B-6 - Mailing of Proposed Ordinance and Notice of Hearing.
Section 11-54B-7 - Review of Self-Help Business Improvement District Plan and Adoption of Ordinance.
Section 11-54B-8 - Costs of Supplemental Services; Assessment of Classes; Exemptions.
Section 11-54B-10 - Amendment of Self-Help Business Improvement District Ordinance.
Section 11-54B-11 - District Management Corporation Limits, Powers, and Duties.
Section 11-54B-12 - Annual Budget of District Management Corporation.
Section 11-54B-13 - Retention of Municipal Police Powers.
Section 11-54B-14 - Eminent Domain Utilization.
Section 11-54B-15 - Furniture, Structure of Facility Not Deemed Nuisance.
Section 11-54B-16 - District Management Corporation Contracts.
Section 11-54B-17 - Operation in Other Designated Project Areas.
Section 11-54B-18 - Annual Reports and Audits.
Section 11-54B-19 - Continuation, Modification, or Termination of District.
Section 11-54B-20 - Tax Exemption.
Section 11-54B-22 - Merger of Business Improvement Districts.