The properties of the corporation and the income from those properties, all lease agreements made by the corporation, and all bonds issued by the corporation and the income from the bonds, and all lien notices filed with respect thereto shall be forever exempt from any and all taxation in the State of Alabama.
Ala. Code § 2-6-126
Exemption from State Taxation.
Known as the Garrett Coliseum Redevelopment Act
The act spans §§ 2-6-100 to 2-6-127 (28 sections).
(Act 2011-575, p. 1231, §28.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.