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2013 Code of Alabama
Title 40 - REVENUE AND TAXATION.
Chapter 9 - EXEMPTIONS FROM TAXATION AND LICENSES.
Section 40-9-17 - Property owned and used or held by colleges for certain purposes.


AL Code § 40-9-17 (2013) What's This?
Section 40-9-17Property owned and used or held by colleges for certain purposes.

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.

(Acts 1950, 5th Ex. Sess., No. 40, p. 85.)

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