Section 41-9-256 Exemption from taxation of commission and properties, income, etc., thereof. - Alabama Statutes

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Section 41-9-256

Exemption from taxation of commission and properties, income, etc., thereof.

The commission, as an agency of the State of Alabama, shall constitute a nonprofit governmental agency and shall have a tax-exempt status, and the properties of the commission and the income therefrom, all lease agreements and contracts made by it shall be forever exempt from any and all taxation by the State of Alabama and any political subdivision thereof, including, but not limited to, income, admission, amusement, excise, sales, use and ad valorem taxes.

(Acts 1966, Ex. Sess., No. 168, p. 190, §9.)

State Codes and Statutes

Statutes > Alabama > Title41 > Chapter9 > 41-9-256

Section 41-9-256

Exemption from taxation of commission and properties, income, etc., thereof.

The commission, as an agency of the State of Alabama, shall constitute a nonprofit governmental agency and shall have a tax-exempt status, and the properties of the commission and the income therefrom, all lease agreements and contracts made by it shall be forever exempt from any and all taxation by the State of Alabama and any political subdivision thereof, including, but not limited to, income, admission, amusement, excise, sales, use and ad valorem taxes.

(Acts 1966, Ex. Sess., No. 168, p. 190, §9.)

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State Codes and Statutes

Statutes > Alabama > Title41 > Chapter9 > 41-9-256

Section 41-9-256

Exemption from taxation of commission and properties, income, etc., thereof.

The commission, as an agency of the State of Alabama, shall constitute a nonprofit governmental agency and shall have a tax-exempt status, and the properties of the commission and the income therefrom, all lease agreements and contracts made by it shall be forever exempt from any and all taxation by the State of Alabama and any political subdivision thereof, including, but not limited to, income, admission, amusement, excise, sales, use and ad valorem taxes.

(Acts 1966, Ex. Sess., No. 168, p. 190, §9.)