The property and income of a corporation, all bonds issued by a corporation, the income from such bonds, conveyances by or to a corporation, and leases, mortgages and deeds of trust or trust indentures by or to a corporation shall be exempt from all taxation in the State of Alabama. A corporation 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 in which a corporation may engage. A corporation 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 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 95 - Public Hospitals.
Section 11-95-1 - Legislative Intent; Liberal Construction of Chapter.
Section 11-95-2 - Definitions.
Section 11-95-5 - Certificate of Incorporation - Amendment Procedure.
Section 11-95-7 - Powers of Corporation.
Section 11-95-9 - Bonds of Corporation - Proceeds From Sale.
Section 11-95-10 - Refunding Bonds.
Section 11-95-11 - Exemption From Taxation and Fees.
Section 11-95-12 - Liability of Authorizing Subdivisions.
Section 11-95-13 - Exemption From Usury and Interest Laws.
Section 11-95-14 - Power of Eminent Domain.
Section 11-95-15 - Applicability of Division 2 of Article 4 of Chapter 21 of Title 22.
Section 11-95-16 - Applicability of Section 11-93-2.
Section 11-95-17 - Transfer of Funds, Assets, Etc. to Corporation.
Section 11-95-18 - Earnings of Corporation.
Section 11-95-19 - Dissolution of Corporation; Passage of Title to Property of Corporation.