All properties of an authority, whether real, personal or mixed, and the income therefrom, all securities issued by an authority and the coupons applicable thereto and the income therefrom, and all indentures and other instruments executed as security therefor, all leases made pursuant to the provisions of this article and all revenues derived from any such leases, and all deeds and other documents executed by or delivered to an authority shall be exempt from any and all taxation by the state, or 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 an authority may engage. An 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. Further, the gross proceeds of the sale of any property used in the construction and equipment of any health care facilities for an authority, regardless of whether such sale is to such authority or any contractor or agent thereof, shall be exempt from the sales tax imposed by Article 1 of Chapter 23 of Title 40 and from all other sales and similar excise taxes now or hereafter levied on or with respect to the gross proceeds of any such sale by the state or any county, municipality or other political subdivision or instrumentality of any thereof; and any property used in the construction and equipment of any health care facilities for an authority, regardless of whether such property has been purchased by the authority or any contractor or agent thereof, shall be exempt from the use tax imposed by Article 2 of Chapter 23 of Title 40 and all other use and similar excise taxes now or hereafter levied on or with respect to any such property by the state or any county, municipality or other political subdivision or instrumentality of any thereof.
Structure Code of Alabama
Title 22 - Health, Mental Health, and Environmental Control.
Title 1 - Health and Environmental Control Generally.
Chapter 21 - Hospitals and Other Health Care Facilities Generally.
Article 11 - Health Care Authorities.
Section 22-21-310 - Short Title.
Section 22-21-311 - Definitions.
Section 22-21-312 - Legislative Findings and Intent.
Section 22-21-313 - Application for Incorporation of Authority; Authorizing Resolution.
Section 22-21-314 - Certificate of Incorporation - Filing; Form and Contents; Recordation.
Section 22-21-317 - Officers; Election; Terms; Duties.
Section 22-21-318 - Powers of Authority.
Section 22-21-319 - Extraordinary Power of Authority.
Section 22-21-320 - Securities of Authority.
Section 22-21-321 - Refunding Securities.
Section 22-21-322 - Execution of Securities.
Section 22-21-323 - Source of Payment; Security.
Section 22-21-324 - Use of Proceeds.
Section 22-21-325 - Obligations Not Debt of State, County or Municipality.
Section 22-21-326 - Securities Issued Under Article as Legal Investments.
Section 22-21-327 - Securities and Coupons as Negotiable Instruments.
Section 22-21-328 - Exemption From Usury and Interest Laws.
Section 22-21-329 - Notice of Issuance of Securities; Limitation on Actions to Contest.
Section 22-21-331 - Remedies for Default in Payment of Securities or Performance of Lease Agreement.
Section 22-21-332 - Investment of Funds.
Section 22-21-333 - Exemptions From Taxation.
Section 22-21-334 - Nonapplicability of Ethics Act.
Section 22-21-335 - Nonapplicability of Competitive Bid Laws.
Section 22-21-336 - Transfer of Funds and Assets to Authority.
Section 22-21-337 - Disposition of Earnings of Authority.
Section 22-21-339 - Dissolution of Authority.
Section 22-21-340 - Multiple Corporations Permitted.
Section 22-21-341 - Reincorporation of Existing Corporations.
Section 22-21-342 - Provisions of Article Exclusive.