Code of Alabama — Title 40 (Revenue and Taxation)
Ala. Code § 40-22-9
Tax Upon Recording Transfer of Instrument Recorded by Exempt Institution - Debt Secured by Instrument so Transferred Exempt from Ad Valorem Taxes
Official textalison.legislature.state.al.us
If the recording privilege tax imposed by Sections 40-22-6 through 40-22-11 of this title or by Section 40-22-2 is paid, the debt secured by the instrument so transferred shall thereafter be exempt from any ad valorem tax, either state, county, or municipal.
Source: view the official text
In this chapter (13 sections)
- 40-22-1 · Deeds, Bills of Sale, Etc
- 40-22-2 · Mortgages, Deeds of Trust, Etc., Generally
- 40-22-3 · Tax on Mortgages Not Applicable to Any Bank Unless Applicable…
- 40-22-4 · Exemption of Production Credit Corporations and Associations
- 40-22-5 · Exemption of Certain Farm Loans from Tax
- 40-22-5.1 · Exemption of Certain Conveyances by Religious Organizations…
- 40-22-6 · Tax Upon Recording Transfer of Instrument Recorded by Exempt…
- 40-22-7 · Tax Upon Recording Transfer of Instrument Recorded by Exempt…
- 40-22-8 · Tax Upon Recording Transfer of Instrument Recorded by Exempt…
- 40-22-9 · Tax Upon Recording Transfer of Instrument Recorded by Exempt…
- 40-22-10 · Tax Upon Recording Transfer of Instrument Recorded by Exempt…
- 40-22-11 · Tax Upon Recording Transfer of Instrument Recorded by Exempt…
- 40-22-12 · Tax Upon Recording Transfer of Instrument Recorded by Exempt…