All real, personal and mixed property that may be owned by the corporation and all income of the corporation shall be exempt from state, county and municipal taxation.
Ala. Code § 22-21-80
Taxation Exemptions.
(Acts 1949, No. 46, p. 68, §10.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.