Alabama § 11-42-57 Exemption from Taxation of Territory Annexed and Property Therein

Alabama Statutes

§ 11-42-57 — Exemption from Taxation of Territory Annexed and Property Therein

Alabama·Title 11 Counties and Municipal Corporations·Ch. 42 Alteration of Corporate Limits·Art. 3 Annexation of Territory by Cities of 25,000 Inhabitants or More

All territory brought within the corporate limits of a city under the provisions of this article and all property having a situs within such territory shall be exempt from city taxation or the payment of taxes to the city for the period of not less than 10 nor more than 15 years from the time when such territory is brought within the corporate limits of the city, which period of exemption shall be fixed in the resolution passed by the council or governing body of the city authorized under the provisions of section 11-42-41, except as provided in sections 11-42-58 and 11-42-59.

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All territory brought within the corporate limits of a city under the provisions of this article and all property having a situs within such territory shall be exempt from city taxation or the payment of taxes to the city for the period of not less than 10 nor more than 15 years from the time when such territory is brought within the corporate limits of the city, which period of exemption shall be fixed in the resolution passed by the council or governing body of the city authorized under the provisions of section 11-42-41, except as provided in sections 11-42-58 and 11-42-59.

Alabama § 11-42-57 (Exemption from Taxation of Territory Annexed and Property Therein) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.