The proceeds from the sale or resale of any vacation time-sharing lease plan shall be exempt from the Transient Occupancy Tax imposed by Section 40-26-1.
Ala. Code § 34-27-65
Proceeds from Sale, Etc., of Lease Plan Exempt from Transient Occupancy Tax.
Known as the Alabama Real Estate License Law
The act spans §§ 34-27-1 to 34-27-8.1 (46 sections).
(Acts 1983, No. 83-670, p. 1035, §16.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.