Alabama Statutes
§ 24-2-7 — Tax Status of Land Sold or Leased to Private Individuals or Corporations for Redevelopment
Any property which the authority or the governing body of any incorporated city or town leases to private individuals or corporations for development under a redevelopment plan shall have the same tax status as if such leased property were owned by such private individuals or corporations.
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Alabama § 24-2-7 (Tax Status of Land Sold or Leased to Private Individuals or Corporations for Redevelopment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1949, No. 491, p. 713, §6; Acts 1967, No. 416, p. 1070, §6.)
Nearby Sections
15
§ 24-1-100
Short Title§ 24-1-101
Definitions§ 24-1-102
Procedure for Incorporation§ 24-1-103
Area of Operation§ 24-1-110
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