Statutes > Alabama Statutes > Title 11 — COUNTIES AND MUNICIPAL CORPORATIONS. > Title 3 — PROVISIONS APPLICABLE TO COUNTIES AND MUNICIPAL CORPORATIONS. > Section 11-81A-5 Exemption of securities from taxation.

Section 11-81A-5 Exemption of securities from taxation.

Section 11-81A-5

Exemption of securities from taxation.

All securities issued by authority of this chapter and the interest thereon shall be exempt from all taxation in the state.

(Acts 1980, No. 80-697, p. 1400, §5.)