The properties of the authority and the income therefrom, all lease agreements made by the authority, all bonds issued by the authority and the income therefrom and all lien notices, mortgages, assignments, and financing statements filed with respect thereto shall be forever exempt from any and all taxation in the state.
Ala. Code § 41-10-279
Exemption from Taxation.
(Acts 1986, No. 86-420, p. 627, §20.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.