The property and income of the authority, all bonds issued by the authority, the income from such bonds, conveyances by or to the authority, and leases, mortgages, and deeds of trust by or to the authority shall be exempt from all taxation in the State of Alabama. The authority shall be exempt from all taxes levied by any county, municipality, or other political subdivision of the state including, but without limitation to, license and excise taxes imposed in respect of the privilege of engaging in any of the activities that an authority may engage in. 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. Nothing in this section shall be construed to exempt concessionaires, licensees, tenants, operators, or lessees of the authority from the payment of any taxes including, but without limitation to, license or privilege taxes levied by the state or any county or municipality.
Structure Code of Alabama
Article 9 - Economic and Industrial Development and Tourism.
Section 45-46-90 - Legislative Findings.
Section 45-46-90.01 - Definitions.
Section 45-46-90.02 - Filing of Application; Resolution.
Section 45-46-90.03 - Certificate of Incorporation.
Section 45-46-90.04 - Amendments to Certificate of Incorporation.
Section 45-46-90.05 - Board of Directors.
Section 45-46-90.06 - Powers of the Authority.
Section 45-46-90.07 - Charges for Use of Authority Facilities.
Section 45-46-90.08 - Bonds of the Authority.
Section 45-46-90.09 - Power to Contract.
Section 45-46-90.10 - Lien on Pledge of Revenues.
Section 45-46-90.11 - Proceeds From the Sale of Bonds.
Section 45-46-90.13 - Liability for Civil Damages.
Section 45-46-90.14 - Exemption From Taxation.
Section 45-46-90.15 - Freedom of Authority From State Supervision and Control.
Section 45-46-90.16 - Port Director; Administrative Assistant; Other Employees.
Section 45-46-90.17 - Audit of Records.