No tax levied upon the recordation of mortgages, deeds of trust, and instruments of like character shall be levied upon or collected from any corporation or association organized pursuant to Subchapter IV of Chapter 7, Title 12, United States Code Annotated, with respect to any instrument executed to secure a loan made by it to one of its members for general agricultural purposes, the provisions of any other law to the contrary notwithstanding.
Structure Code of Alabama
Title 40 - Revenue and Taxation.
Section 40-22-1 - Deeds, Bills of Sale, Etc.
Section 40-22-2 - Mortgages, Deeds of Trust, etc., Generally.
Section 40-22-3 - Tax on Mortgages Not Applicable to Any Bank Unless Applicable to All.
Section 40-22-4 - Exemption of Production Credit Corporations and Associations.
Section 40-22-5 - Exemption of Certain Farm Loans From Tax.
Section 40-22-5.1 - Exemption of Certain Conveyances by Religious Organizations From Tax.