Alabama § 41-9-966 - Tax Exemption.
Full text of Alabama Code of Alabama § 41-9-966 — Tax Exemption., with citation guidance and answers to common questions.
§ 41-9-966. Tax Exemption.
The commission shall be exempt from taxation by the State of Alabama and any political subdivision, including, but not limited to, income, admission, amusement, excise and ad valorem taxes on any of the following items:
(1) Properties of the commission and the income derived.
(2) Lease agreements and contracts.
(3) Bonds and coupons and the income derived.
(4) Executed indentures.
Frequently Asked Questions About Alabama § 41-9-966
What does Code of Alabama § 41-9-966 cover?
Section 41-9-966 ("Tax Exemption.") 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 § 41-9-966?
A common citation format is "Code of Alabama § 41-9-966" (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 § 41-9-966 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.