Ala. Code § 40-9-32

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

Section 40-9-32 - Exemption of shares in corporations from ad valorem tax

Shares of stock in corporations or associations incorporated under the laws of this state or otherwise shall be exempt from ad valorem taxation in this state.

Ala. Code § 40-9-32 (1975)

Act 99-665, 2nd Sp. Sess., p. 131, §8.