Alabama Code 41-9-853. Donations, contributions and gifts; exemptions from taxation
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Terms Used In Alabama Code 41-9-853
- property: includes both real and personal property. See Alabama Code 1-1-1
The board may solicit and accept donations, contributions and gifts of money and property, and all gifts made to the board shall be exempt from taxation in Alabama. All property, money, income, resources and activities of the board shall likewise be exempt from taxation.