Ala. Code § 24-2-7
This is the official text of Ala. Code § 24-2-7, part of Alabama’s Code — part of the compiled statutory law of Alabama, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Section 24-2-7 Tax Status of Land Sold or Leased to Private Individuals or Corporations for Redevelopment
Official statutory text
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.
Status: in_force · Read it on the official government site
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