Code of Alabama
Ala. Code § 11-54-31 (2026)
Exemption from Taxation of Projects, Bonds, Etc.
✓ official Alabama Legislature (ALISON) text, current July 2026
The bonds authorized by this article and the income therefrom, all mortgages executed as security therefor, all lease agreements made pursuant to the provisions of this article, and all projects and the revenue derived from any lease thereof shall be exempt from all taxation in the State of Alabama.
(Acts 1951, No. 756, p. 1307, §11.)
Notes of Decisions
Cited in 2
cases, 1999–1999 · leading case: Dobbs v. Shelby Cnty. Econ. & Indus. Dev. Auth., 749 So. 2d 425 (Ala. 1999).
Dobbs v. Shelby Cnty. Econ. & Indus. Dev. Auth., 749 So. 2d 425 (Ala. 1999). “” § 11-54-31. In order to give counties the same economic opportunities as municipalities, the legislature adopted the 1961 County Board Act, §§ 11-20-1 through -13, Ala.”
Dobbs v. Shelby Cnty. Econ. & Ind. Dev. Auth., 749 So. 2d 425 (Ala. 1999). “" § 11-54-31. In order to give counties the same economic opportunities as municipalities, the legislature adopted the 1961 County Board Act, §§ 11-20-1 through -13, Ala.”
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