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2019 Code of Alabama
Title 23 - Highways, Roads, Bridges and Ferries.
Chapter 7 - Alabama Transportation Infrastructure Bank Act.
Section 23-7-26 - Taxation of bonds and income.
Universal Citation: AL Code § 23-7-26 (2019)
Section 23-7-26Taxation 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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