Such corporation authorized herein, and its property, including bonds, conveyances, mortgages, leases, and all income from such property, and operation of programs shall be exempt from all taxation that shall be imposed on said corporation for the privilege of engaging in any of the activities authorized by this chapter.
Ala. Code § 44-3-11
Exemption from Taxation of Corporations, Property, Income, Etc.
(Acts 1978, No. 620, p. 880, §11.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.