Ala. Code § 23-7-26

Current with legislation from 2024 effective through May 17, 2024.

Section 23-7-26 - Taxation of bonds and income

Any bonds issued by the bank, the transfer of bonds, and the income from them, are free from taxation and assessment of every kind by the state and by the local governments and other political subdivisions of the state.

Ala. Code § 23-7-26 (1975)

Added by Act 2015-50,§ 26, eff. 7/1/2015.