Section 14-2-32
Exemption from taxation.
The properties of the authority and the income therefrom, all lease agreements made by the authority and all bonds issued by the authority, the coupons applicable thereto, the income therefrom and all lien notices with respect thereto shall be forever exempt from any and all taxation in the State of Alabama.
(Acts 1965, No. 678, p. 1226, §16.)