Section 40-15A-3
Taxable property.
The tax imposed by the provisions of this chapter shall be applicable to the following property:
(1) Any intangible personal property of a transferor who is domiciled in the State of Alabama (i) as of the date of the transfer, or (ii) as of the date of his death if such transfer occurs after the date of his death,
(2) Any tangible personal property and real property of a transferor which is located in the State of Alabama as of the date of the generation-skipping transfer.
(Acts 1988, 1st Ex. Sess., No. 88-837, p. 307, §3.)