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2020 Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 1 - Provisions Applicable to Counties Only.
Chapter 11B - Securities Issued in Anticipation of Grants.
Section 11-11B-5 - Exemption of Securities From Taxation.
Universal Citation: AL Code § 11-11B-5 (2020)
Section 11-11B-5
Exemption of securities from taxation.
All securities issued by authority of this chapter and the interest thereon shall be exempt from all taxation in the state.
(Acts 1981, No. 81-797, p. 1399, §5.)
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