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Section 11-81-172 Revenue Bonds - Exemption From Taxation.

Section 11-81-172

Revenue bonds - Exemption from taxation.

The bonds and interest coupons issued under this article are hereby exempted from any and all state, county, municipal and other taxation whatsoever under the laws of the State of Alabama, and it shall be plainly stated on the face of each such bond as follows: "The principal of and interest on this bond are exempted from any and all state, county and municipal and other taxation whatsoever under the laws of the State of Alabama."

(Acts 1933, Ex. Sess., No. 102, p. 88; Code 1940, T. 37, §318.)

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Local Government
Alabama
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Kay Ivey
Kay Ivey
April 10, 2017 -
Republican
1-334-242-3935
600 Dexter Ave., Montgomery, AL, 36104

Keywords
bond
municipal
bonds
taxation
revenue
alabama
whatsoever
exempted
stated
plainly