Code of Alabama — Title 40 (Revenue and Taxation)
Ala. Code § 40-9-8
Artesian Wells Leased to Municipalities
The capital stock and physical property of all corporations and the physical property of any person, which said capital stock and physical property consists entirely of an artesian well or wells, and equipment pertaining thereto, which well or wells are leased to any municipality of this state under a lease, sale, contract or option agreement to purchase, shall, during the life of such lease, sale, contract or option agreement, be exempt from ad valorem taxation so long as such well or wells are operated exclusively by such city or town; provided, that this section shall apply only to corporations or persons under contract with not more than one municipality.
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In this chapter (40 sections)
- 40-9-1 · Exemption of Persons and Property from Ad Valorem Taxation
- 40-9-1.1 · Stringfellow Memorial Hospital
- 40-9-1.2 · Alabama Eye Bank
- 40-9-2 · Claim of Exemption of Homestead and Household and Kitchen…
- 40-9-3 · Peanuts and Pecans Stored in Licensed Warehouses
- 40-9-4 · Products or Materials Used in Textile Manufacture
- 40-9-5 · Manufacturers of Calcium Cyanamide, Aluminum or Aluminum…
- 40-9-6 · Personal Property Stored for Shipment Outside of State
- 40-9-7 · Personal Property Held by Warehouseman for Distribution
- 40-9-8 · Artesian Wells Leased to Municipalities
- 40-9-9 · Y.m.c.a
- 40-9-10 · Y.w.c.a
- 40-9-11 · Y.w.c.o
- 40-9-12 · The March of Dimes, Inc., Y.m.h.a., Seamen’s Home of Mobile,…
- 40-9-12.1 · United Appeal Fund Organizations and Supported Charities
- 40-9-13 · Volunteer Fire Departments, Alabama Society of D.a.r., Annual…
- 40-9-14 · Property Used for Public Purposes
- 40-9-14.1 · Certificates of Exemption to Governmental Entities,…
- 40-9-14.2 · Airport Authorities
- 40-9-14.3 · Certificates of Exemption to Statutorily Exempt Entities…
- 40-9-15 · Alabama State Fair and Exhibit Association
- 40-9-16 · Property of Corporation or Association Formed for Social or…
- 40-9-17 · Property Owned and Used or Held by Colleges for Certain…
- 40-9-18 · Property of Corporation Organized for Purpose of Aiding…
- 40-9-19 · Homesteads
- 40-9-19.1 · Governing Body of Municipality Authorized to Exempt…
- 40-9-20 · Certain Homes Owned by Veterans or Their Widows
- 40-9-21 · Principal Residences and 160 Acres Adjacent Thereto of…
- 40-9-21.1 · Verification of Eligibility by Mail for Certain Persons.…
- 40-9-21.2 · Falsely Claiming Homestead Exemption
- 40-9-21.3 · Disabled Veterans Property Tax Debt-to-Income Ratio…
- 40-9-22 · Nuclear Fuel Assemblies
- 40-9-23 · Corporations Organized to Establish Regional Mental Health…
- 40-9-24 · Property Tax Relief Fund
- 40-9-25 · George Lindsey Celebrity Benefit, Inc., Alabama Special…
- 40-9-25.1 · Magic Moments
- 40-9-25.2 · Habitat for Humanity Organizations and West Alabama Youth…
- 40-9-25.3 · Rainbow Omega, Inc
- 40-9-25.4 · Farley L. Berman Foundation, Inc
- 40-9-25.5 · American Bowling Congress