Ala. Code § 11-11B-5

Exemption of Securities from Taxation.

(Acts 1981, No. 81-797, p. 1399, §5.)

All securities issued by authority of this chapter and the interest thereon shall be exempt from all taxation in the state.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.