Section 41-9-966
Tax exemption.
The commission shall be exempt from taxation by the State of Alabama and any political subdivision, including, but not limited to, income, admission, amusement, excise and ad valorem taxes on any of the following items:
(1) Properties of the commission and the income derived.
(2) Lease agreements and contracts.
(3) Bonds and coupons and the income derived.
(4) Executed indentures.
(Acts 1996, No. 96-522, p. 670, §17.)