Each authority formed under this article, the property and income of the authority, all bonds issued by the authority, the income from such bonds or from any other sources, the interest and other profits from such bonds enuring to and received by the holders thereof, conveyances by and to the authority and leases, mortgages and deeds of trust by and to the authority shall be exempt from all taxation in the state. An authority shall not be obligated to pay or allow the payment of any fees, taxes or costs to the Secretary of State in connection with its incorporation or with any amendment to its certificate of incorporation or otherwise or to any judge of probate of any county in connection with the recording by it of any document or otherwise, each authority being hereby exempted from the payment of any such fees, taxes and costs. No license or excise tax may be imposed by any authority with respect to the privilege of engaging in any of the activities authorized by this article.
Structure Code of Alabama
Article 5 - Historical Preservation Authorities.
Section 41-10-135 - Short Title.
Section 41-10-136 - Definitions.
Section 41-10-137 - Purposes for Which Authorities May Be Formed.
Section 41-10-141 - Powers and Duties of Authority Generally.
Section 41-10-143 - Bonds - Contracts to Secure Payment of Principal and Interest.
Section 41-10-145 - Bonds - Use of Proceeds From Sale.
Section 41-10-147 - Exemption From Taxation, Fees and Costs.
Section 41-10-148 - Reports by Authority to Governor.
Section 41-10-149 - Construction of Article Generally; Certain Provisions Exclusive.
Section 41-10-150 - Dissolution of Authority; Title to Property Vests in State.
Section 41-10-151 - Authority Organized Under Former Law Valid; Reincorporation Under This Article.