The property of the United States, its agencies, instrumentalities, or corporations organized under the laws of Congress, including any buildings which have or may hereafter be erected on the land of another and for which reason may be considered by the laws of the state to be personal property for taxation purposes, the immunity from taxation of which said property has been or may hereafter be waived by the laws of Congress and which said property has been or may hereafter be made subject to state, county, municipal, or local taxation by the laws of Congress, shall be assessed for taxation by the state, county, municipality, or local taxing unit and the taxes collected thereon to the same extent according to its value as other like or similar property is assessed for taxation by the state, county, municipality, or local taxing unit.
Structure Code of Alabama
Title 40 - Revenue and Taxation.
Chapter 11 - Subjects of Taxation and Date Taxes Due.
Section 40-11-1 - Enumeration of Subjects of Taxation.
Section 40-11-2 - Property and Activities of United States and Its Agencies.
Section 40-11-3 - Taxation of Federal Property Where Immunity Waived, Etc.
Section 40-11-4 - When Taxes Become Due and Payable.
Section 40-11-6 - Valuation and Assessment of Certain Aircraft.