Alabama § 37-13-16 - Bonds of Authority - Exemption from Taxation.
Full text of Alabama Code of Alabama § 37-13-16 — Bonds of Authority - Exemption from Taxation., with citation guidance and answers to common questions.
§ 37-13-16. Bonds of Authority - Exemption from Taxation.
The bonds issued by an authority and the income therefrom shall be exempt from all taxation in the state. All property and income of an authority shall be exempt from all state, county, municipal and other local taxation; provided, however, that this exemption shall not be construed to exempt concessionaires, licensees, tenants, operators or lessees of the authority from the payment of any taxes, including licenses or privilege taxes levied by the state, any county or any municipality in the state.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 37-13-16
What does Code of Alabama § 37-13-16 cover?
Section 37-13-16 ("Bonds of Authority - Exemption 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 § 37-13-16?
A common citation format is "Code of Alabama § 37-13-16" (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 § 37-13-16 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.