No exemption under the provisions of this division shall be allowed any corporation or association. As to partnerships, the exemption shall be allowed a partnership only when each partner thereof individually would be entitled to an exemption hereunder. However, an individual entitled to an exemption shall not be denied it by reason of being a member of a partnership in those cases when the licenses are required of the individual members of a partnership and not of the partnership as such.
Any veteran whose property, both real and personal, is valued at $7,000 or more or whose net annual income is $3,000 or more shall not be granted the exemption provided herein, but shall be granted an exemption of $15 on his licenses from each city, county and state.
Structure Code of Alabama
Title 40 - Revenue and Taxation.
Article 7 - Exemption of Certain Persons.
Division 3 - Veterans of World War II.
Section 40-12-370 - Eligibility; Scope.
Section 40-12-371 - State License.
Section 40-12-372 - County License.
Section 40-12-373 - Municipal License.
Section 40-12-374 - Duty of Officials; Form of License; Penalty for Transfer.
Section 40-12-375 - Corporations, Associations and Partnerships; Certain Veterans Not Exempt.