The bonds issued by the authority and the income therefrom shall be exempt from all taxation in the state. All property and income of the authority shall be exempt from all state, county, municipal, and other local taxation, including license, privilege, or excise taxes; provided, however, this exemption shall not be construed to exempt concessionaires, licensees, tenants, operators, or lessees of or on any parking facility owned by any authority from the payment of any taxes levied by the state, the county, or any municipality in the state.
Structure Code of Alabama
Chapter 37A - Jefferson County Municipalities.
Section 45-37A-56.21 - Application of Subpart.
Section 45-37A-56.22 - Definitions.
Section 45-37A-56.25 - Execution and Recording of Certificate of Incorporation.
Section 45-37A-56.27 - Board of Directors of the Authority.
Section 45-37A-56.28 - Officers of the Authority.
Section 45-37A-56.29 - Powers of the Authority.
Section 45-37A-56.30 - Operation or Leasing of Parking Facilities.
Section 45-37A-56.31 - Federal and State Aid.
Section 45-37A-56.32 - Cooperation.
Section 45-37A-56.33 - Bonds of the Authority.
Section 45-37A-56.34 - Execution of Bonds.
Section 45-37A-56.35 - Security of Bonds.
Section 45-37A-56.36 - Use of Proceeds From Sale of Bonds.
Section 45-37A-56.37 - Refunding Bonds.
Section 45-37A-56.38 - Exemption From Taxation.
Section 45-37A-56.39 - Investment in Bonds.
Section 45-37A-56.40 - Eligibility of Bonds as Investments for Trust Funds.
Section 45-37A-56.42 - Contracting and Purchasing Restrictions.
Section 45-37A-56.43 - Audit; Inspection of Records.