Alabama Statutes
§ 40-9-17 — Property Owned and Used or Held by Colleges for Certain Purposes
Alabama·Title 40 Revenue and Taxation·Ch. 9 Exemptions from Taxation and Licenses·Art. 1 General Provisions
All property owned and used by a college for the purpose of housing students, members of the faculty or other employees of the college is exempt from taxation.
All property owned by a college and held for the bona fide purpose of being used for enlargement of a campus or for the development of a new campus is exempt from taxation.
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Alabama § 40-9-17 (Property Owned and Used or Held by Colleges for Certain Purposes) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1950, 5th Ex. Sess., No. 40, p. 85.)
Nearby Sections
15
§ 40-1-1
Definitions§ 40-1-14
Payment of Court Costs§ 40-1-2
Lien for Taxes - Generally§ 40-1-23
Liability of Officers for Conversion