Solicitation and Acceptance of Donations, Contributions, etc.; Exemption From Taxation of Property, Income, etc., of Board and Gifts Thereto.

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  5. Sports Hall of Fame Board.
  6. Solicitation and Acceptance of Donations, Contributions, etc.; Exemption From Taxation of Property, Income, etc., of Board and Gifts Thereto.

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Section 41-9-453

Solicitation and acceptance of donations, contributions, etc.; exemption from taxation of property, income, etc., of board and gifts thereto.

The board may solicit and accept donations, contributions and gifts of money and property, and all gifts made to the board shall be exempt from all taxation in Alabama. All property, money, income, resources and activities of the board shall likewise be exempt from taxation.

(Acts 1967, No. 225, p. 594, §4.)


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