|
33-2-40
Section 33-2-40 Application of revenues from dock facilities. The proceeds derived from
the operation of each unit of development acquired or constructed pursuant to the provisions
of this article shall be applied for the following purposes in the following order: (1) Payment
of the expenses of operating dock facilities acquired, constructed or operated pursuant to
the provisions of this article; (2) payment at their respective maturities of the principal
of and interest on any bonds issued pursuant to the provisions of this article; (3) establishment
and maintenance of a sinking fund for retirement of any bonds issued pursuant to the provisions
of this article, into which there shall be paid monthly, beginning at the end of the first
12 months following the completion of each unit of development acquired or constructed hereunder,
one half of one per cent of the cost of each such unit of development, not exceeding, however,
one half of the gross income of such unit of development...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-40.htm - 3K - Match Info - Similar pages
40-18-15.2
Section 40-18-15.2 Net operating loss. Individuals may calculate a net operating loss
from a trade or business and apply the net operating loss against prior taxable income or
future taxable income pursuant to this section. (1) For purposes of this section,
the term "net operating loss" means the excess of the deductions allowed by this
chapter over the gross income. The excess shall be computed with the modifications specified
in subdivision (5). (2) A net operating loss may be carried back to each of the two taxable
years preceding the taxable year of the loss. A net operating loss carryover may be carried
to each of the 15 years following the taxable year of the loss. (3) The entire amount of the
net operating loss for any taxable year (hereinafter referred to as the "loss year")
shall be carried to the earliest of the taxable years to which, by reason of subdivision (2)
that loss may be carried. The portion of the loss which shall be carried to each of the other
taxable years shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-15.2.htm - 4K - Match Info - Similar pages
40-21-80
Section 40-21-80 Definitions. (a) For the purpose of this article, the following terms
shall have the respective meanings ascribed by this section: (1) DEPARTMENT. The Department
of Revenue of the State of Alabama. (2) DOMESTIC WATER. All water except water that is sold
to persons for use or consumption in industrial processes and not primarily for human consumption.
(3) GROSS RECEIPTS. The value proceeding or accruing from the furnishing of utility services,
all receipts actual and accrued, without any deduction on account of the cost of the utility
services sold, the cost of the materials used, labor or service cost, interest paid, or any
other expenses whatever, and without any deductions on account of losses. (4) GROSS SALES.
The value proceeding or accruing from the furnishing of utility services, and including the
proceeds from the sale of any utility services handled on consignment by the taxpayer, without
any deduction on account of the cost of the utility services sold, the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-21-80.htm - 10K - Match Info - Similar pages
41-10-44.8
Section 41-10-44.8 Tax credits, job development fees and other incentives. (a) Upon
the issuance by the authority of its project obligations for the purpose of financing a project
for an approved company with respect to which the authority adopted a resolution accepting
the project prior to January 16, 1995, the approved company: (1) Shall receive a credit against
the corporate income tax levied by Section 40-18-31 that otherwise would be owed to
the state in any year by the approved company on its income generated by or arising out of
the project, such credit not to exceed the lesser of (i) the amount due in tax, or (ii) the
amount paid by the approved company pursuant to a financing agreement in the year for which
the tax is due, corresponding to debt service on the project obligations; and (2) May elect
to withhold and retain the aggregate job development fees described in paragraph (b) below,
but only to the extent that debt service payments under the financing agreement(s) exceed...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-44.8.htm - 7K - Match Info - Similar pages
40-18-161
Section 40-18-161 Determination of taxable income. (a) The taxable income of an Alabama
S corporation shall be determined in the same manner as in the case of an individual except
that the items determined in subdivision (1), subsection (a) of Section 40-18-162 shall
be separately stated, and the following deductions shall not be allowed: (1) Personal exemptions
otherwise allowed by Section 40-18-19. (2) Charitable contributions otherwise allowed
by Section 40-18-15, subdivision (a)(10). (3) The net operating loss deduction otherwise
allowed by Section 40-18-15, subdivision (a)(16). (4) Medical expenses otherwise allowed
by Section 40-18-15, subdivision (a)(13). (5) Alimony otherwise allowed by Section
40-18-15, subdivision (a)(18). (6) The deduction for certain expenses of producing income
and determining taxes otherwise allowed by Section 40-18-15, subdivision (a)(14). (7)
Contributions to individual retirement accounts otherwise allowed by Section 40-18-15,
subdivision (a)(11). (8)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-161.htm - 4K - Match Info - Similar pages
16-33C-3
Section 16-33C-3 Definitions. The following terms as used in this chapter shall have
the meanings ascribed to them, unless the context clearly indicates otherwise: (1) ABLE PROGRAM.
The Achieving a Better Life Experience Program established pursuant to this chapter and defined
in Section 529A of the Internal Revenue Code of 1986, as amended, or other applicable
federal law, to assist individuals and families to save private funds to support individuals
with disabilities to maintain health, independence, and quality of life. (2) ABLE SAVINGS
ACCOUNT. An individual ABLE trust fund account established by a contributor pursuant to this
chapter to apply distributions from the account toward qualified disability expenses for an
eligible designated beneficiary, both terms as defined in Section 529A of the Internal
Revenue Code of 1986, as amended, or other applicable federal law. (3) ABLE TRUST FUND. The
fiduciary trust fund established pursuant to this chapter comprised of separate and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-33C-3.htm - 4K - Match Info - Similar pages
40-18-422
Section 40-18-422 (Credit expires after 2025 tax year unless extended.) Tax credit for
eligible employers of apprentices. (a) For tax years beginning on or after January 1, 2017,
through the tax year beginning January 1, 2019, an Alabama income tax credit is allowed for
eligible employers that employ an apprentice for at least seven full months of the prior taxable
year. The credit shall equal up to one thousand dollars ($1,000) for each apprentice employed,
not to exceed five apprentices employed. The Department of Revenue, in consultation with the
Workforce Development Division of the Department of Commerce, shall establish a scale reflecting
ranges of amounts of money an employer has invested in an eligible apprentice and a corresponding
tax credit amount and shall award the tax credit in accordance with this scale following confirmation
from the Workforce Development Division that the apprentice for whom the credit is claimed
is in compliance with all federal and state requirements...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-422.htm - 5K - Match Info - Similar pages
25-4-32
Section 25-4-32 Requisition of moneys from trust fund. (a) Money shall be requisitioned
from the state's account in the Unemployment Compensation Trust Fund solely for the payment
of benefits and in accordance with regulations prescribed by the secretary; except, that money
credited to this state's account pursuant to Section 903 of the Social Security Act,
as amended, shall be used exclusively as provided in this section. The secretary shall
from time to time requisition from the Unemployment Compensation Trust Fund such amounts,
not exceeding the amounts standing to this state's account therein, as he deems necessary
for the payment of benefits for a reasonable future period. Upon receipt thereof the treasurer
of the fund shall deposit such moneys in the benefit payment account and shall issue his checks
for the payment of benefits solely from such benefit account. Expenditures of such moneys
in the benefit payment account and refunds for the clearing account shall not be subject to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-4-32.htm - 4K - Match Info - Similar pages
32-2-61
Section 32-2-61 Release of information and fees. (a) The director may open to any person
for inspection, copying, and mechanical reproduction, during the department's regular business
hours, criminal history information on any individual, if the individual has given written
permission for the release of the information to the requester and if the opening of the information
is not forbidden by order of any court of competent jurisdiction or by federal law. Any person
requesting criminal history information from the department must present to the department,
along with the request, a copy of the required written permission. (b) The director shall
establish and collect a nonrefundable fee for costs incurred by the department in providing
the requested criminal history information. The fee shall be $25.00. The proceeds shall be
deposited in the State Treasury to the credit of the Public Safety Automated Fingerprint Identification
System Fund, which is hereby created. All money deposited in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-2-61.htm - 2K - Match Info - Similar pages
34-27-58
Section 34-27-58 Acts constituting violation of article - Failure to place 50 percent
of cash, etc., received in escrow; failure to provide liability insurance, etc. (a) It shall
be a violation of this article for a seller of vacation time-sharing lease plans to fail to:
(1) Place in escrow 50 percent of the cash and receivables received from the purchasers of
such plans, such receivables to be assessed at net principal value. a. The purpose of such
escrow account is to protect the purchaser's right to a refund if at any time the accommodations
and facilities are no longer available as provided in the contract; provided however, nothing
contained in this section shall operate to deny the seller the option to repair, replace,
or reconstruct, within a reasonable time, the accommodations or facilities, if destroyed or
damaged. b. The purchaser shall be entitled to a refund from the escrow account upon the conditions
described above in an amount which represents the buyer's pro rata share...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-27-58.htm - 8K - Match Info - Similar pages
|