Statutes > Alabama Statutes > Title 34 — PROFESSIONS AND BUSINESSES. > Chapter 27 — REAL ESTATE BROKERS. > Section 34-27-65 Proceeds from sale, etc., of lease plan exempt from Transient Occupancy Tax.

Section 34-27-65 Proceeds from sale, etc., of lease plan exempt from Transient Occupancy Tax.

Section 34-27-65

Proceeds from sale, etc., of lease plan exempt from Transient Occupancy Tax.

The proceeds from the sale or resale of any vacation time-sharing lease plan shall be exempt from the Transient Occupancy Tax imposed by Section 40-26-1.

(Acts 1983, No. 83-670, p. 1035, §16.)