|
40-2A-7
years from the date the return is filed with the department, whichever is later. This subparagraph
shall not apply to any corporation unless dissolution is completed within 18 months of the
date of the written notice. e. If a taxpayer has made the election provided in subsection
(d) or (e) of Section 40-18-8, a preliminary assessment based on the gain realized as a result
of the involuntary conversion [in the case of subsection (d) of Section 40-18-8] or a rollover
of gain on the sale of a personal residence [as provided in subsection (e) of Section
40-18-8] may be entered within three years from the date the taxpayer notified the department
of the replacement of the property in accordance with subsection (d) or (e) of Section 40-18-8,
as the case may be, or of his or her intention not to replace the property. f. If a taxpayer
has validly elected to have the provisions of subdivision (a) (7) of Section 40-18-6 and subsection
(l) of Section 40-18-8 apply to an acquisition of stock...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-2A-7.htm - 28K - Match Info - Similar pages
5-24-1
depositor and a financial institution, and includes a checking account, savings account, time
deposit, certificate of deposit, and share account. (2) AGENT means a person authorized to
make account transactions for a party. (3) BENEFICIARY means a person named as one to whom
sums on deposit in an account are payable on request after death of all parties or for whom
a party is named as trustee. (4) DEVISEE means any person designated in a will to receive
a testamentary disposition of real or personal property. (5) FINANCIAL INSTITUTION
means an organization authorized to do business under state or federal laws relating to financial
institutions, and includes a bank, trust company, savings bank, building and loan association,
savings and loan company or association, and credit union. (6) HEIRS means those persons,
including surviving spouse, who are entitled under the statutes of intestate succession to
the property of a decedent. (7) INCLUDES or INCLUDING means includes, but not limited...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-24-1.htm - 4K - Match Info - Similar pages
5-27-2
Section 5-27-2 (Effective January 1, 2018) Definitions. When used in this chapter, the following
words and phrases shall have the following meanings: (1) APPROPRIATE STATE OR FEDERAL REGULATORY
AGENCY. The state or federal agency that is statutorily responsible for the supervision of
all or part of the operations of a participating financial institution. (2) DEPOSITOR. An
individual member or customer of a financial institution who meets all of the following requirements:
a. Maintains a qualifying account at a financial institution participating in a savings promotion
contest. b. Is in good standing at a financial institution authorized to do business in Alabama.
c. Is 18 years of age or older. (3) ENTRY. A chance or chances obtained by a depositor to
win a designated prize or prizes in a savings promotion contest by complying with the terms
and conditions of a savings promotion contest. (4) FINANCIAL INSTITUTION. A bank, savings
institution, or credit union authorized to do business...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-27-2.htm - 2K - Match Info - Similar pages
5-27-3
Section 5-27-3 (Effective January 1, 2018) Savings promotion contest authorized; conditions.
(a) Subject to supervision by the appropriate federal or state regulatory agency, a financial
institution may conduct a savings promotion contest in accordance with this chapter for the
purposes of encouraging depositors to maintain savings accounts and increase personal
savings. The financial institution may join with other financial institutions to participate
in a savings promotion or contest. (b) A savings promotion contest shall be subject to all
of the following conditions: (1) Subject to any limits the financial institution may place
on the number of entries that may be placed by the depositor, it is structured such that a
depositor may place an entry to win a prize or prizes by doing either of the following: a.
Depositing a minimum specified amount of money or making a specified number of deposits into
a qualifying account in accordance with the terms and conditions of the specific...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-27-3.htm - 2K - Match Info - Similar pages
40-16-11
Section 40-16-11 Transition rules for Financial Institution Excise Tax Reform Act of 2019.
This section provides for transition rules for the implementation of the Financial Institution
Excise Tax Reform Act of 2019. (1) Act 2019-284 imposes for the first time a system of prepaid
estimated tax payments patterned after the federal system and transitions the Financial Institution
Excise Tax from the current post-payment system. To account for this transition, the Department
of Revenue shall waive both penalties and interest attributable to underpayments of estimated
tax payments occurring within the first two applicable tax years and not attributable to an
intentional disregard of the law. (2) Act 2019-284's conformity of the depreciation deduction
allowed in the calculation of the tax due under this chapter with the corollary deduction
allowed for federal income tax purposes, as well as the act's express rejection of the federal
Tax Cuts and Jobs Act of 2017's (i) limitations on the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-16-11.htm - 4K - Match Info - Similar pages
30-3-191
Section 30-3-191 Definitions. When used in Sections 30-3-191 to 30-3-199, inclusive, the following
words shall have the following meanings: (1) ACCOUNT. A demand deposit account, checking or
negotiable withdrawal order account, savings account, time deposit account, or money-market
mutual fund account. (2) BUSINESS DAY. A day on which state offices are open for regular business.
(3) COMMERCIAL DRIVER LICENSE. A license issued to an individual that authorizes the individual
to drive a motor vehicle as part of conducting business. (4) CONFIDENTIAL INFORMATION. Information
provided by a service applicant or recipient or obtained from other sources about him or her
which may be released only as required by court order or state or federal law. (5) COURT.
A court of competent jurisdiction or administrative agency having the authority to issue and
enforce support orders. (6) DATA MATCH. An automated process of matching specified information
from the financial records of financial institutions...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/30-3-191.htm - 5K - Match Info - Similar pages
26-1A-208
institution, including renting a safe deposit box or space in a vault; (4) withdraw, by check,
order, electronic funds transfer, or otherwise, money or property of the principal deposited
with or left in the custody of a financial institution; (5) receive statements of account,
vouchers, notices, and similar documents from a financial institution and act with respect
to them; (6) enter a safe deposit box or vault and withdraw or add to the contents; (7) borrow
money and pledge as security personal property of the principal necessary to borrow
money or pay, renew, or extend the time of payment of a debt of the principal or a debt guaranteed
by the principal; (8) make, assign, draw, endorse, discount, guarantee, and negotiate promissory
notes, checks, drafts, and other negotiable or nonnegotiable paper of the principal or payable
to the principal or the principal's order, transfer money, receive the cash or other proceeds
of those transactions, and accept a draft drawn by a person upon...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/26-1A-208.htm - 2K - Match Info - Similar pages
11-47-26
municipal employees by direct deposit of wages. (a) A municipality may adopt a policy to require
new employees hired by the municipality after the adoption of the policy to participate in
direct deposit of the employee's wages. (b) If a municipality elects to pay the wages of its
employees by direct deposit, the municipality shall do all of the following: (1) Provide a
municipal employee with an electronic fund transfer authorization form. (2) Deposit the wage
of a municipal employee into a personal bank account at a financial institution selected
by the employee on the electronic fund transfer authorization form. (3) Each time the municipality
pays the wage of a municipal employee by direct deposit, provide the employee with a direct
deposit statement that includes: a. The total amount of the wage. b. Any amount deducted from
the wage. c. The amount of the wage directly deposited into the personal bank account
selected by the employee. (c) A municipality may not require an employee to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-26.htm - 1K - Match Info - Similar pages
41-13-7
decertification. (2) IDENTIFYING INFORMATION. Any information, not including a person's name,
which used either alone or in conjunction with other information specifically identifies a
person or a person's property, and includes, but is not limited to, any of the following information
related to a person: a. Date of birth. b. Social Security number. c. Driver's license number.
d. Financial services account numbers, including checking and savings accounts. e. Credit
or debit card numbers. f. Personal identification numbers (PIN). g. Electronic identification
codes. h. Automated or electronic signatures. i. Biometric data. j. Fingerprints. k. Passwords.
l. Parents' legal surname prior to marriage. m. Name or names of any dependent child or children.
n. Home address or phone number. o. Any other numbers or information that can be used to access
a person's financial resources, obtain identification, act as identification, or obtain goods
or services. (b) Notwithstanding any other law to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-13-7.htm - 4K - Match Info - Similar pages
8-6-2
Section 8-6-2 Definitions. When used in this article, unless the context otherwise requires,
the following terms shall have the meanings respectively ascribed to them by this section:
(1) COMMISSION or SECURITIES COMMISSION. The securities commission. (2) AGENT. Any individual
other than a dealer who represents a dealer or issuer in effecting or attempting to effect
sales of securities, but such term does not include an individual who represents an issuer
in: a. Effecting a transaction in a security exempted by subdivisions (1), (2), (3), (4),
(9) or (10) of Section 8-6-10; b. Effecting transactions exempted by Section 8-6-11; or c.
Effecting transactions with existing employees, partners, or directors of the issuer if no
commission or other remuneration is paid or given directly or indirectly for soliciting any
person in this state. A partner, officer, or director of a dealer or issuer is an agent if
he otherwise comes within this definition. (3) DEALER. Any person engaged in the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-6-2.htm - 11K - Match Info - Similar pages
|