The income and property of the authority, all project obligations issued by the authority and the interest paid on any such project obligations, all conveyances by or to the authority, and all instruments by or to the authority shall be exempt from all taxation in the state. The authority shall also be exempt from all license and excise taxes imposed in respect of the privilege of engaging in any of the activities in which the authority may engage. The authority shall not be obligated to pay or allow any fees, taxes or costs to the judge of probate of any county in respect of the recording of any document.
Structure Code of Alabama
Article 2A - Additional Powers of State Industrial Development Authority.
Section 41-10-44.1 - Legislative Intent With Respect to Additional Powers of the Authority.
Section 41-10-44.2 - Additional Definitions.
Section 41-10-44.3 - Additional Powers of Authority.
Section 41-10-44.4 - Determination of Approved Companies.
Section 41-10-44.5 - Legislative Oversight of the Authority.
Section 41-10-44.6 - Project Obligations Generally.
Section 41-10-44.7 - Proceeds From the Sale of Project Obligations; Revenues and Other Funds.
Section 41-10-44.8 - Tax Credits, Job Development Fees and Other Incentives.
Section 41-10-44.9 - Establishment of Tax Increment Funds.
Section 41-10-44.10 - Refunding Obligations.
Section 41-10-44.12 - Requirement to Report to the Legislature.
Section 41-10-44.13 - Exemption From Certain Taxes and Fees.
Section 41-10-44.14 - No Notice, Approval, Public Hearing Required for Issuance of Obligations.