Alabama Code 45-49-247.02. Exemption – Mission of Hope, Inc
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Terms Used In Alabama Code 45-49-247.02
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The Mission of Hope, Inc., a nonprofit corporation, located in Mobile, Alabama, is exempted from paying any county and municipal sales or use taxes.