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.
Structure Code of Alabama
Chapter 49A - Mobile County Municipalities.
Part 5 - Public Transit System.
Section 45-49A-64 - Purpose; Legislative Findings.
Section 45-49A-64.01 - Definitions.
Section 45-49A-64.02 - Use of Phrases.
Section 45-49A-64.03 - Filing of Application; Authorization of Incorporation.
Section 45-49A-64.05 - Amendments to Certificate of Incorporation.
Section 45-49A-64.06 - Board of Directors.
Section 45-49A-64.07 - Powers of Authority.
Section 45-49A-64.08 - Rates, Fees, and Charges.
Section 45-49A-64.09 - Bonds of Authority.
Section 45-49A-64.11 - Statutory Mortgage Lien.
Section 45-49A-64.12 - Proceeds From Sale of Bonds.
Section 45-49A-64.13 - Cooperation; Aid From Other Public Bodies.
Section 45-49A-64.14 - Exemption From Taxation.
Section 45-49A-64.16 - Use of Public Roads.
Section 45-49A-64.17 - Annual Budget and Audit.
Section 45-49A-64.19 - Dissolution of Authority and Vesting of Property.
Section 45-49A-64.20 - Employee Protective Provisions.
Section 45-49A-64.21 - Limitation on Eminent Domain.
Section 45-49A-64.22 - Existence of Authority Prevents Subsequent Incorporation.