Taxation of Bonds and Income.

  1. Law
  2. Code of Alabama
  3. Highways, Roads, Bridges and Ferries.
  4. Alabama Transportation Infrastructure Bank Act.
  5. Taxation of Bonds and Income.

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Section 23-7-26

Taxation of bonds and income.

Any bonds issued by the bank, the transfer of bonds, and the income from them, are free from taxation and assessment of every kind by the state and by the local governments and other political subdivisions of the state.

(Act 2015-50, §26.)


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