Ala. Code § 40-9-32 (2026) – Exemption of Shares in Corporations from Ad Valorem Tax. | Midpage
§ 40-9-32
Ala. Code § 40-9-32 (2026)
Exemption of Shares in Corporations from Ad Valorem Tax.
(Act 99-665, 2nd Sp. Sess., p. 131, §8.)
Shares of stock in corporations or associations incorporated under the laws of this state or otherwise shall be exempt from ad valorem taxation in this state.