Section 19-21-212 - Exemption from taxation, legal process, and assessmentsExcept for execution or withholding for the payment of child support or for the payment of spousal support for a spouse or former spouse who is the custodial parent of the child, contracts, benefits, and contributions under the university system retirement program and the earnings on the contributions are:
(1) exempt from any county or municipal tax;(2) not subject to execution, garnishment, attachment, or other process;(3) not covered or assessable by an insurance guaranty association; and(4) unassignable except as specifically provided in the contracts.Amended by Laws 2021, Ch. 503,Sec. 47, eff. 1/1/2024, and applicable to income tax years beginning after December 31, 2023.Amended by Laws 2013, Ch. 282, Sec. 15, eff. 10/1/2013.En. Sec. 8, Ch. 494, L. 1987; amd. Sec. 17, Ch. 823, L. 1991; amd. Sec. 20, Ch. 552, L. 1997; amd. Sec. 7, Ch. 382, L. 2009.