The properties of the authority and the income therefrom, all lease agreements made by the authority, and all lien notices, mortgages, assignments, and financing statements filed with respect thereto shall be forever exempt from any and all taxation of the State of Alabama and its political subdivisions.
Ala. Code § 41-10-429
Properties, Etc., Forever Exempt from Any and All Taxation.
(Acts 1990, No. 90-293, p. 396, §10.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.