2016 Code of Alabama
Title 40 - REVENUE AND TAXATION.
Chapter 16 - FINANCIAL INSTITUTION EXCISE TAX.
Section 40-16-2 - Production credit associations taxable under chapter.
Production credit associations, incorporated pursuant to the provisions of the act of Congress known as the Farm Credit Act of 1933, are not foreign corporations, and any such association which may become taxable by the state shall be subject to the same taxation imposed upon national banks under the provisions of this chapter, and such associations shall be exempt from all other forms of income, privilege and license taxes imposed by the state.
(Acts 1965, No. 276, p. 390.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
