(a) The authority, the property and income of the authority, the income from its bonds, conveyances by or to the authority, leases, mortgages, and deeds of trust by or to the authority, shall be exempt from all taxation in the state.
(b) 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 its incorporation, the amendment of its certificate of incorporation, or the recording of any document.
(c) No license or excise tax may be imposed on the authority for the privilege of engaging in any of the activities authorized by this article.
Structure Code of Alabama
Section 45-30-250 - Definitions.
Section 45-30-250.01 - Legislative Intent.
Section 45-30-250.02 - Franklin County Water Service Authority - Incorporation.
Section 45-30-250.03 - Amendment to Certificate of Incorporation.
Section 45-30-250.04 - Board of Directors.
Section 45-30-250.05 - Powers of Authority.
Section 45-30-250.06 - Additional Powers and Rights.
Section 45-30-250.07 - Contracts of the Authority.
Section 45-30-250.08 - Rates, Fees, and Charges.
Section 45-30-250.09 - Planning, Development, Operation, etc., of Water Service Systems.
Section 45-30-250.10 - Rights-of-Way.
Section 45-30-250.11 - Governmental Functions; Liability of Authority.
Section 45-30-250.12 - Exemptions From Taxes, Fees, Etc.
Section 45-30-250.13 - Exemption From Usury Statutes.
Section 45-30-250.14 - Dissolution of Authority.
Section 45-30-250.15 - Validity of Incorporation.
Section 45-30-250.16 - Proceedings, Notice, and Approval of Authority Actions.
Section 45-30-250.17 - Auditing.
Section 45-30-250.18 - Transfer of Assets and Liabilities Upon Dissolution of Predecessor Entitites.