# Ala. Code § 24-2-7: Section 24-2-7 Tax Status of Land Sold or Leased to Private Individuals or Corporations for Redevelopment

> Alabama · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-7

## Section

- **Citation:** Ala. Code § 24-2-7
- **Heading:** Section 24-2-7 Tax Status of Land Sold or Leased to Private Individuals or Corporations for Redevelopment
- **Jurisdiction:** Alabama
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Alabama Code / Title 24 / Chapter 2 / Section 24-2-7

## 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.

## Nearby sections

- [Ala. Code § 24-2-1 Section 24-2-1 Legislative Findings and Declaration of Necessity](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-1.md)
- [Ala. Code § 24-2-2 Section 24-2-2 Powers of Housing Authorities or Municipalities - Acquisition and Redevelopment of Blighted Property; Limitations on Eminent Domain; Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-2.md)
- [Ala. Code § 24-2-3 Section 24-2-3 Powers of Housing Authorities or Municipalities - Powers Under Other Housing Laws; Contracts; Issuance of Bonds and Other Obligations; Eminent Domain](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-3.md)
- [Ala. Code § 24-2-4 Section 24-2-4 Approval of Redevelopment Plan by Governing Bodies of Cities, Counties, Etc., in Which Project Situated; Assistance of Redevelopment Projects by Cities, Counties, Etc](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-4.md)
- [Ala. Code § 24-2-5 Section 24-2-5 Advisory Board](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-5.md)
- [Ala. Code § 24-2-6 Section 24-2-6 Land in Project May Be Made Available for Use by Private Enterprise or Public Agencies in Accordance with Redevelopment Plan](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-6.md)
- [Ala. Code § 24-2-7 Section 24-2-7 Tax Status of Land Sold or Leased to Private Individuals or Corporations for Redevelopment](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-7.md)
- [Ala. Code § 24-2-8 Section 24-2-8 Federal Financial Aid](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-8.md)
- [Ala. Code § 24-2-9 Section 24-2-9 Investment by Public Bodies, Etc., in Bonds, Etc., Issued by Housing Authorities, Etc](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-9.md)
- [Ala. Code § 24-2-10 Section 24-2-10 Provisions of Chapter Cumulative; Conflicting Laws](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-10.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-7. Check the current official text before relying on it. Not legal advice.