The properties of the authority and the income therefrom, all lease agreements made by the authority and all lien notices, mortgages, assignments and financing statements filed with respect thereto shall be forever exempt from any and all taxation of the State of Alabama.
Structure Code of Alabama
Article 12 - Alabama Supercomputer Authority.
Section 41-10-390 - Short Title.
Section 41-10-391 - Legislative Findings of Fact and Declaration of Intent; Construction of Article.
Section 41-10-392 - Authorization and Procedure for Incorporation Generally.
Section 41-10-396 - Powers of Authority Generally.
Section 41-10-397 - Employment of a Chief Executive Officer and Staff.
Section 41-10-398 - Authority to Have No Proprietary Interest in Intellectual Property.
Section 41-10-400 - Establishment of the "Supercomputer System fund."
Section 41-10-401 - Exemption From Taxation of Properties, Income, etc., of Authority.
Section 41-10-402 - Liability Upon Contracts, Obligations, etc., of Authority.
Section 41-10-403 - Operation of Authority as Nonprofit Corporation.
Section 41-10-404 - Transfer of Certain Assets to Authority.