The commission, its property and income and all bonds issued by the commission, the income from such bonds or from the investment of such income and all conveyances, leases, mortgages, and deeds of trust by or to the commission shall be exempt from all taxation in the State of Alabama.
Ala. Code § 41-9-438
Exemption from Taxation of Commission and Properties, Income, Etc., Thereof.
(Acts 1965, No. 863, p. 1605, §5.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.