Alabama § 11-66A-12 - Exemption of Corridor from Taxation.
Full text of Alabama Code of Alabama § 11-66A-12 — Exemption of Corridor from Taxation., with citation guidance and answers to common questions.
§ 11-66A-12. Exemption of Corridor from Taxation.
(a) Each corridor shall be exempt from all fees and charges imposed by any judge of probate.
(b) The income of any corridor, all financial obligations of a corridor, the income and interest from the financial obligations, conveyances by or to a research and development corridor, and leases, mortgages, and deeds of trust or trust indentures by or to a corridor, shall be exempt from all taxation in the state.
(c) An authorizing subdivision may elect by a majority vote of the members of its governing body to exempt the corridor and its real and tangible property from the payment of eligible taxes. The exemptions authorized in this subsection may be granted in the subdivision’s authorizing resolution or by subsequent resolution, upon compliance with public notice requirements. The resolutions may provide for limitations on and eligibility for exemptions from the payment of eligible taxes.
(d)(1) Except as provided in subdivision (2), upon compliance with public notice requirements, a governing body of a public entity other than an authorizing subdivision may elect by a majority vote of the members of the governing body to exempt the corridor and its real and tangible property from the payment of any taxes levied by the public entity within the geographical boundaries of the corridor. The resolutions may provide for limitations on and eligibility for exemptions from the payment of taxes.
(2) Notwithstanding subdivision (1), the exemptions authorized by this subsection shall not apply to the following:
a. Taxes levied for public school purposes.
b. Incremental ad valorem taxes levied within a tax increment district and required by state law to be paid to the tax increment district.
c. Real or personal property to the extent the property is or will be treated as owned for federal income tax purposes by a corporate person or natural person.
(e) The corridor shall be exempt from the state’s portion of taxes levied by the State of Alabama.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 11-66A-12
What does Code of Alabama § 11-66A-12 cover?
Section 11-66A-12 ("Exemption of Corridor from Taxation.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 11-66A-12?
A common citation format is "Code of Alabama § 11-66A-12" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 11-66A-12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.