Alabama Code > Title 40 > Chapter 22 – Recordation Tax


§ 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 to all
§ 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 from tax
§ 40-22-6	Tax upon recording transfer of instrument recorded by exempt institution – Generally
§ 40-22-7	Tax upon recording transfer of instrument recorded by exempt institution – Certification of payment of tax
§ 40-22-8	Tax upon recording transfer of instrument recorded by exempt institution – Transfers not subject to tax imposed by Section 40-22-1
§ 40-22-9	Tax upon recording transfer of instrument recorded by exempt institution – Debt secured by instrument so transferred exempt from ad valorem taxes
§ 40-22-10	Tax upon recording transfer of instrument recorded by exempt institution – Exemption of debt secured by instrument upon which recording tax has previously been paid
§ 40-22-11	Tax upon recording transfer of instrument recorded by exempt institution – Waiver of exemption from payment of recording tax
§ 40-22-12	Tax upon recording transfer of instrument recorded by exempt institution – Construction of Sections 40-22-6 through 40-22-11

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Terms Used In Alabama Code > Title 40 > Chapter 22 - Recordation Tax

Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
circuit: means judicial circuit. See Alabama Code 1-1-1
Conviction: A judgement of guilt against a criminal defendant.
Deed: The legal instrument used to transfer title in real property from one person to another.
Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
Joint resolution: A legislative measure which requires the approval of both chambers.
Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
license tax: as used in this title , shall be deemed to include any tax prescribed by a license tax schedule, but shall not exclude any license tax otherwise prescribed. See Alabama Code 40-12-344
Lien: A claim against real or personal property in satisfaction of a debt.
Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
Oversight: Committee review of the activities of a Federal agency or program.
preceding: means next before. See Alabama Code 1-1-1
Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Statute: A law passed by a legislature.
Subpoena: A command to a witness to appear and give testimony.
Testimony: Evidence presented orally by witnesses during trials or before grand juries.
Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. ^{Source: OCC}