State Codes and Statutes

Statutes > Alabama > Title11 > Title2 > 11-54B-20

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.)

State Codes and Statutes

Statutes > Alabama > Title11 > Title2 > 11-54B-20

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.)

State Codes and Statutes

State Codes and Statutes

Statutes > Alabama > Title11 > Title2 > 11-54B-20

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.)