Exemption of Securities From Taxation.

  1. Law
  2. Code of Alabama
  3. Counties and Municipal Corporations.
  4. Provisions Applicable to Counties and Municipal Corporations.
  5. Issuance of Securities in Anticipation of Receipt of Grants.
  6. Exemption of Securities From Taxation.

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Section 11-81A-5

Exemption of securities from taxation.

All securities issued by authority of this chapter and the interest thereon shall be exempt from all taxation in the state.

(Acts 1980, No. 80-697, p. 1400, §5.)


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