The board may solicit and accept donations, contributions, and gifts of money and property. All gifts made to the board shall be exempt from all taxation in Alabama. All property, money, income, resources and activities of the board shall likewise be exempt from taxation.
Ala. Code § 41-9-683
Solicitation and Acceptance of Gifts, Etc.; Exemption from Taxation.
(Acts 1977, No. 645, p. 1093, §4.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.