SB369 Alabama 2014 Session

Summary

Primary Sponsor

Tammy Irons

Democrat

Session

Regular Session 2014

Title

Taxation, all property owned or used by college exempt, Sec. 40-9-17 am'd.

Summary

SB369 would expand Alabama college property tax exemptions to cover housing properties and property used for campus enlargement or development.

What This Bill Does

It amends Section 40-9-17 to specify that all property owned or used by a college for housing students, faculty, or staff is exempt from taxation. It also adds an exemption for property owned by a college and held for the bona fide purpose of enlarging or developing a campus. The changes would mean certain college properties could be exempt from local property taxes once the act becomes law.

Who It Affects

• Colleges and universities in Alabama, for property used for housing and for campus enlargement or development.
• Local governments and taxpayers, who could see reduced property tax revenue from exempt college property.

Key Provisions

• Amends 40-9-17 to exempt all property owned or used by a college for housing students, faculty, or staff from taxation.
• Adds exemption for property owned by a college and held for the bona fide purpose of enlarging or developing a campus (enlargement or development of a new campus).
• Effective date: becomes law on the first day of the third month following passage and governor's approval.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Taxation