27-4A-6
Section 27-4A-6 Exemption from income and ad valorem taxes. Nothing in this chapter shall be
construed to repeal any existing laws or statutes which exempt or exclude insurers from the
payment of fees, taxes, or licenses other than the tax imposed by this chapter. Without limiting
the generality of the preceding sentence, insurers upon which this section imposes a tax upon
their premium income or in lieu thereof, shall be exempt from income taxes imposed by the
State of Alabama under the provisions of Chapter 18 of Title 40, or any other similar law.
(Acts 1993, No. 93-679, p. 1291, §6; Act 2000-705, p. 1442, §3.)...
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41-10-755
Section 41-10-755 Bonds of the authority. (a) General. The authority is authorized from time
to time to sell and issue its bonds for the purpose of providing funds to be transferred to
and deposited in the Alabama Trust Fund and the Rainy Day Account, to provide additional funds
to the Alabama Medicaid Agency, for paying the costs of transportation projects, and for the
purpose of refunding any or all of the authority's outstanding bonds. (b) Sources of payment.
Bonds issued by the authority shall be solely and exclusively an obligation of the authority
and shall not create an obligation or debt of the state. Such bonds shall not be general obligations
of the authority but shall be payable solely from one or more of the following sources: (1)
Appropriated funds. (2) The income or proceeds realized by the authority under any mortgage
or security granted to the authority. (3) Amounts derived from any letter of credit, insurance
policy, or other form of credit enhancement applicable to...
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45-17-90.09
Section 45-17-90.09 Exemption from taxation. The authority, its property, real and personal,
any income produced and all conveyances, deeds, leases, mortgages, and deeds of trust, shall
be exempt from all taxation by the State of Alabama or any political or administrative subdivision
thereof, including, but not limited to, all income, ad valorem, sales, excise, license, and
privilege taxes and fees. (Act 95-512, p. 1022, §1.)...
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45-39-92.09
Section 45-39-92.09 Exemption from taxation. The authority, its property, real and personal,
any income produced and all conveyances, deeds, leases, mortgages, and deeds of trust, shall
be exempt from all taxation by the State of Alabama or any political or administrative subdivision
thereof, including, but not limited to, all income, ad valorem, sales, excise, license, and
privilege taxes and fees. (Act 95-409, p. 874, §1.)...
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9-14C-12
Section 9-14C-12 Tax exemption. The commission shall have tax exempt status, and the properties
of the commission and the income therefrom, all lease agreements and contracts made by it,
all bonds issued by it and the coupons applicable thereto and the income therefrom, and all
indentures executed with respect thereto shall be forever exempt from any and all taxation
and fees by the State of Alabama and any political subdivision thereof, including, but not
limited to, income, admission, amusement, excise, and ad valorem taxes. (Act 2006-542, p.
1256, §12.)...
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11-60-17
Section 11-60-17 Exemptions of corporations - Taxation. The corporation, the property and income
of the corporation, all bonds issued by the corporation, the income from such bonds, conveyances
by or to the corporation and leases, mortgages and deeds of trust by or to the corporation
shall be exempt from all taxation in the State of Alabama. No license or excise tax may be
imposed on any corporation in respect of the privilege of engaging in any of the activities
authorized by this chapter. (Acts 1967, Ex. Sess., No. 218, p. 264, §13.)...
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16-16B-4
Section 16-16B-4 (Implementation Conditioned on Separate Legislative Enactment.) Execution
and other details of the bonds. The Bonds shall be signed by the president or vice-president
of the Authority, and the seal of the Authority affixed thereto (or a facsimile thereof imprinted
thereon) and attested by its secretary. All signatures of the president, vice-president, and
secretary may be facsimile signatures if the Authority, in its proceedings with respect to
issuance, provides for manual authentication (which may be in the form of a certificate as
to registration) of the Bonds by a trustee, registrar or paying agent or by named individuals
who are employees of the State and who are assigned to the Finance Department or State Treasurer's
Office of the State. All Bonds bearing signatures or facsimiles of the signatures of officers
of the Authority in office on the date of signing thereof shall be valid and binding notwithstanding
that before the delivery thereof and payment therefor,...
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16-65-6
Section 16-65-6 Bonds generally. (a) Issuance of bonds. The authority is authorized and empowered
to issue its bonds from time to time for the purpose of making equipment loans to finance
equipment costs incurred or to be incurred by educational institutions. Such bonds may be
in such aggregate principal amount as the board of directors shall determine to be necessary
to pay the equipment costs included in such financing. The authority may pay from the proceeds
of the sale of its bonds all expenses, including publication and printing charges, attorneys'
fees, financial advisory fees, and other expenses which the board of directors may deem necessary
or advantageous in connection with the authorization, advertisement, sale, execution, and
issuance of its bonds or the making of equipment loans from the proceeds thereof. (b) Source
of payment. All bonds issued by the authority shall be limited obligations of the authority
payable solely from any combination of the following: (1) The...
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2-3A-34
Section 2-3A-34 Expenses; disposition of proceeds. Upon order of the board of directors of
said authority, all expenses incurred in connection with the authorization, preparation, sale,
and issuance of bonds authorized herein and by Amendment 618 shall be paid out of the proceeds
thereof. The proceeds thereof remaining after payment of such expenses, together with the
income derived from the investment and reinvestment of such proceeds (including income derived
from the investment and reinvestment of previously derived income) shall be disbursed from
time to time on the order of said authority for payment of costs incurred in carrying out
the purposes authorized in said amendment, as follows: (1) the sum of $13,000,000 shall be
used for providing and improving animal diagnostic laboratories in the state in order to provide
improved animal health testing for livestock and poultry producers, veterinarians, animal
owners and animal-related businesses generally; (2) the sum of $18,200,000...
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41-10-44.8
or other entities providing such assistance. The decision to provide all or a portion of the
assistance requested by the authority shall lie solely within the discretion of the person,
corporation, foundation or other legal entity receiving the request. Any assistance provided
to the authority pursuant to the provisions of this subsection (d) is hereby deemed to have
a valid business purpose and shall be allowed as a deduction against the corporate income
tax levied by Section 40-18-31, the personal income tax levied by Section 40-18-2,
or the financial institution excise tax levied by Section 40-16-4, whichever is appropriate.
If assistance is provided to the authority by any person, corporation, foundation or other
legal entity, whether regulated or non-regulated, the cost of such assistance will be deemed
to be a prudent, legal and non-discriminatory expenditure for all purposes of state law and
regulation. (Acts 1993, 1st Ex. Sess., No. 93-851, p. 79, §1; Acts 1995, No. 95-187, p....

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