Alabama Code (Last Updated: November 28, 2014)

§24-2-7. Tax status of land sold or leased to private individuals or corporations for redevelopment.

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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.

(Acts 1949, No. 491, p. 713, §6; Acts 1967, No. 416, p. 1070, §6.)

                    
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