Alabama Code 11-50-36. Taxation of property acquired by foreign municipalities
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Terms Used In Alabama Code 11-50-36
- property: includes both real and personal property. See Alabama Code 1-1-1
- state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
The property so acquired by any foreign municipality shall be subject to taxation in this state as the property of individuals and private corporations.