Alabama § 16-44A-34 - Exemption from State and Local Taxes; Acts in Agreement Authorized.
Full text of Alabama Code of Alabama § 16-44A-34 — Exemption from State and Local Taxes; Acts in Agreement Authorized., with citation guidance and answers to common questions.
§ 16-44A-34. Exemption from State and Local Taxes; Acts in Agreement Authorized.
(a) The trust shall be exempt from all taxes of the State of Alabama and its political subdivisions. Provided that the trust’s “unrelated business taxable income” as determined in accordance with 26 U.S.C. §512, as in effect from time to time, shall be subject to the tax levied by Section 40-18-31, as amended. All receipts, from whatever source, are appropriated to the trust until expended and shall not lapse. The trust is authorized to solicit gifts and donations, and all gifts, grants, devises, and bequests shall be deductible from state income taxes in accordance with Section 40-18-15.
(b) All of the acts provided for in the body of the compact or trust agreement are hereby specifically authorized and provided for, it being the intent of this article to incorporate the entirety of the provisions of the compact into the Code of Alabama. This compact and this article shall be liberally construed to effectuate the purposes of the article, and shall be severable.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 16-44A-34
What does Code of Alabama § 16-44A-34 cover?
Section 16-44A-34 ("Exemption from State and Local Taxes; Acts in Agreement Authorized.") 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 § 16-44A-34?
A common citation format is "Code of Alabama § 16-44A-34" (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 § 16-44A-34 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.