Code of Alabama - Title 11: Counties and Municipal Corporations - Section 11-54B-20 - Tax exemption

Section 11-54B-20 - Tax exemption.

A nonprofit corporation designated as a district management corporation under this article shall be exempt from the state corporate income tax, corporate franchise tax, and permit fee and from state, county, and municipal sales, use, license, gross receipts, and ad valorem taxes.

(Acts 1994, No. 94-677, §20.)

Last modified: May 3, 2021