Statutes, codes, and regulations
Code of Alabama
Title 41 - STATE GOVERNMENTChapter 9 - BOARDS AND COMMISSIONS
Article 16 - SPORTS HALL OF FAME BOARD
Section 41-9-453 - Solicitation and acceptance of donations, contributions, etc.; exemption from taxation of property, income, etc., of board and gifts thereto

Ala. Code § 41-9-453

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Current with legislation from 2024 effective through July 1, 2024.
Section 41-9-453 - Solicitation and acceptance of donations, contributions, etc.; exemption from taxation of property, income, etc., of board and gifts thereto

The board may solicit and accept donations, contributions and gifts of money and property, and all gifts made to the board shall be exempt from all taxation in Alabama. All property, money, income, resources and activities of the board shall likewise be exempt from taxation.

Ala. Code § 41-9-453 (1975)

Acts 1967, No. 225, p. 594, §4.