The income and property of the authority, all authority obligations and the interest paid on any such authority 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 in the recording of any document to the judge of probate of any county.
Structure Code of Alabama
Article 16 - Alabama Incentives Financing Authority.
Division 1 - General Provisions.
Section 41-10-540 - Legislative Findings; Construction.
Section 41-10-541 - Definitions.
Section 41-10-542 - Incorporation of Authority.
Section 41-10-543 - Application for Incorporation.
Section 41-10-544 - Certificate of Incorporation.
Section 41-10-545 - Members; Officers; Quorum; Vacancies; Salaries; Record of Proceedings.
Section 41-10-546 - Powers of Authority.
Section 41-10-547 - Bonds of the Authority.
Section 41-10-548 - Use of Proceeds From Bonds.
Section 41-10-549 - Payment or Reimbursement of Training Facility Management Fees.
Section 41-10-550 - Appropriation and Pledge of Funds for Authority Obligations.
Section 41-10-553 - Exemption From Taxes, Fees, Etc.
Section 41-10-554 - No Notice, Approval, Public Hearing, etc., Required for Issuance of Obligations.