Code of Alabama
Ala. Code § 40-16-2 (2026)
Production Credit Associations Taxable Under Chapter.
✓ official Alabama Legislature (ALISON) text, laws through the 2026 Regular Session
Production credit associations, incorporated pursuant to the provisions of the act of Congress known as the Farm Credit Act of 1933, are not foreign corporations, and any such association which may become taxable by the state shall be subject to the same taxation imposed upon national banks under the provisions of this chapter, and such associations shall be exempt from all other forms of income, privilege and license taxes imposed by the state.
(Acts 1965, No. 276, p. 390.)
Notes of Decisions
Cited in 1
case, 1996–1996 · leading case: Farm Credit Servs. of Cent. Arkansas, PCA v. Arkansas, 76 F.3d 961 (8th Cir. 1996).
Farm Credit Servs. of Cent. Arkansas, PCA v. Arkansas, 76 F.3d 961 (8th Cir. 1996). “, Ala. Code § 40-16-2 ; Ind. Code § 6-5-12 ; N.”
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