Property Owned and Used or Held by Colleges for Certain Purposes.

  1. Law
  2. Code of Alabama
  3. Revenue and Taxation.
  4. Exemptions From Taxation and Licenses.
  5. General Provisions.
  6. Property Owned and Used or Held by Colleges for Certain Purposes.

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Section 40-9-17

Property 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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