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Form a Business

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

Ala. Code § 40-9-17
in effect
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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.)
Source: Alabama Legislature (alison.legislature.state.al.us)URL: https://alison.legislature.state.al.us/code-of-alabama#40-9-17Fetched: 10/20/2026

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