The authority, its property, real and personal, any income produced and all conveyances, deeds, leases, mortgages, and deeds of trust, shall be exempt from all taxation by the State of Alabama or any political or administrative subdivision thereof, including, but not limited to, all income, ad valorem, sales, excise, license, and privilege taxes and fees.
Structure Code of Alabama
Chapter 39 - Lauderdale County.
Article 9 - Economc and Industrial Development and Tourism.
Part 3 - Economic Development.
Division 1 - Shoals Economic Development Authority.
Section 45-39-92 - Definitions.
Section 45-39-92.01 - Authority Created; Composition.
Section 45-39-92.02 - Board of Directors; Meetings; Compensation.
Section 45-39-92.04 - Exercise of Functions and Powers.
Section 45-39-92.05 - Executive Director.
Section 45-39-92.06 - Powers and Duties.
Section 45-39-92.07 - Maintenance of Office Space.
Section 45-39-92.08 - Exemption From Competitive Bid Law.
Section 45-39-92.09 - Exemption From Taxation.
Section 45-39-92.10 - Power to Sue and Be Sued; Recovery of Damages.