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.)

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.