The board may solicit and accept donations, contributions and gifts of money and property or services, and all gifts made to the board shall be exempt from all taxation in Alabama. All property, money, and income, of the board shall likewise be exempt from taxation.
Ala. Code § 41-9-872
Donations, Contributions and Gifts; Exemption from Taxation.
(Acts 1987, No. 87-718, p. 1408, §3.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.