Section 41-9-872 Donations, contributions and gifts; exemption from taxation. - Alabama Statutes

Section 41-9-872

Donations, contributions and gifts; exemption from taxation.

The board may solicit and accept donations, contributions and gifts of money and property or services, and all gifts made to the board shall be exempt from all taxation in Alabama. All property, money, and income, of the board shall likewise be exempt from taxation.

(Acts 1987, No. 87-718, p. 1408, §3.)