Alabama Code 40-9-32. Exemption of shares in corporations from ad valorem tax
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Terms Used In Alabama Code 40-9-32
- state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
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.