The bonds issued by the authority and the income therefrom shall be exempt from all taxation in the state. All property and income of the authority shall be exempt from all state, county, municipal and other local taxation; provided, however, that this exemption shall not be construed to exempt concessionaires, licensees, tenants, operators or lessees of the authority from the payment of any taxes, including licenses or privilege taxes levied by the state, the county or any municipality in the state.
Structure Code of Alabama
Chapter 3 - Airport Authorities.
Article 1 - General Provisions.
Section 4-3-2 - Procedure for Incorporation.
Section 4-3-3 - Contents of Certificate of Incorporation.
Section 4-3-4 - Execution and Recordation of Certificate of Incorporation.
Section 4-3-5 - Board of Directors of Authority.
Section 4-3-6 - Officers of Authority.
Section 4-3-7 - Immunity of Authority and Directors From Liability for Negligence.
Section 4-3-11 - Powers of Authority Generally.
Section 4-3-12 - Federal and State Aid.
Section 4-3-13 - Assistance and Cooperation by Counties, Municipalities, Etc.
Section 4-3-16 - Execution and Delivery of Bonds.
Section 4-3-17 - Security for Bonds.
Section 4-3-18 - Use of Proceeds From Sale of Bonds.
Section 4-3-19 - Refunding Bonds.
Section 4-3-20 - Investment of County, Municipal, etc., Funds in Bonds.
Section 4-3-22 - Procedure for Dissolution of Authority.
Section 4-3-23 - Certain Contracts or Legal Actions Validated.