Exemption From Taxation of Undertakings, Bonds, Etc.

  1. Law
  2. Code of Alabama
  3. Counties and Municipal Corporations.
  4. Provisions Applicable to Counties and Municipal Corporations.
  5. Municipal and County Bonds.
  6. Public Improvement Bonds.
  7. Bonds for Certain Revenue-Producing Undertakings.
  8. Exemption From Taxation of Undertakings, Bonds, Etc.

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Section 11-81-149

Exemption from taxation of undertakings, bonds, etc.

So long as the municipality or county shall own or possess any undertaking the property and revenue of such undertaking shall be exempt from all taxation. Bonds issued under this division and the income therefrom shall be exempt from all taxation.

(Acts 1935, No. 154, p. 195; Code 1940, T. 37, §350.)


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