All properties of the foundation, the income therefrom, and all other income of the foundation shall forever be exempt from any form of taxation in the State of Alabama. All deeds, lease agreements, and other recordable documents to which the foundation is a party shall be exempt from the payment of any deed, mortgage, and other tax in the State of Alabama.
Structure Code of Alabama
Title 34 - Professions and Businesses.
Article 5 - State Bar Building Foundation.
Section 34-3-100 - Legislative Findings and Intent.
Section 34-3-101 - Application for Incorporation.
Section 34-3-102 - Certificate of Incorporation.
Section 34-3-103 - Board of Trustees and Officers.
Section 34-3-104 - Powers of Foundation.
Section 34-3-105 - Exemptions From Taxation.
Section 34-3-106 - Parcel of Land to Be Conveyed by State to Foundation.
Section 34-3-107 - Disbursement of Appropriations to State Bar for Construction of Buildings.
Section 34-3-108 - Nonprofit and Public Nature of Foundation.