Each project and the income from all leases made with respect thereto, the bonds issued by the corporation and the income therefrom, and all lease agreements and indentures made pursuant to the provisions of this article shall be exempt from all taxation in the state.
Ala. Code § 41-10-107
Exemption from Taxation of Bonds, Income, Projects, Etc., of Corporation.
Known as the State Products Mart and Coliseum Authority Act
The act spans §§ 41-10-100 to 41-10-99 (30 sections).
(Acts 1965, 1st Ex
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.