Code of Alabama - Title 11: Counties and Municipal Corporations - Section 11-56-21 - Exemption from taxation of projects, bonds, etc

Section 11-56-21 - Exemption from taxation of projects, bonds, etc.

Each project and the income from all leases made with respect thereto, the bonds issued by the corporation and the income therefrom and all lease agreements and indentures made pursuant to the provisions of this chapter shall be exempt from all taxation in the state.

(Acts 1955, No. 493, p. 1116, §15.)

Last modified: May 3, 2021