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10A-2-16.20
Section 10A-2-16.20 Financial statements for shareholders. REPEALED IN THE 2019 REGULAR SESSION
BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a)
A corporation shall furnish its annual financial statements to each shareholder who requests
a statement, which may be consolidated or combined statements of the corporation and one or
more of its subsidiaries, as appropriate, that include a balance sheet as of the end of the
fiscal year, an income statement for that year, and a statement of changes in shareholders'
equity for the year unless that information appears elsewhere in the financial statements.
If financial statements are prepared for the corporation on the basis of generally accepted
accounting principles, the annual financial statements must also be prepared on that basis.
If the financial statements for the corporation are not prepared on the basis of generally
accepted accounting principles, the annual financial statements furnished...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-16.20.htm - 2K - Match Info - Similar pages
40-15-3
Section 40-15-3 Duplicate of federal return filed by executor; computation by Department of
Revenue. It is hereby made the duty of the executor of the estate of any person who has died
a resident of Alabama and upon which estate the tax imposed under any federal revenue act
has not been paid, and the executor of any person who may hereafter die a resident of this
state, and whose estate is subject to the payment of a federal estate tax, to file with the
Department of Revenue of Alabama a duplicate of all the returns which he is required to make
to the federal authorities for the purpose of having the estate taxes determined. When such
duplicate return is filed with the Department of Revenue, it shall compute the amount of tax
that would be due upon said return as federal estate taxes imposed under any federal act permitting
credit of inheritance or estate taxes to the states upon the property of said estate taxable
in the State of Alabama and shall assess against said estate as estate...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-15-3.htm - 2K - Match Info - Similar pages
40-18-175
Section 40-18-175 Tax imposed when passive investment income of corporation having subchapter
C earnings and profits exceeds 25 percent of gross receipts. (a) If for the taxable year an
Alabama S corporation has accumulated earnings and profits at the close of the taxable year
derived from years during which the corporation was an Alabama C corporation, and gross receipts
more than 25 percent of which are passive investment income, then there is imposed a tax on
the income of the corporation for the taxable year. The tax shall be computed by multiplying
the excess net passive income by five percent. (b) (1) For purposes of this section: a. Except
as provided in paragraph b below, the term "excess net passive income" means an
amount which bears the same ratio to the net passive income for the taxable year as (i) the
amount by which the passive investment income for the taxable year exceeds 25 percent of the
gross receipts for the taxable year, bears to (ii) the passive investment income...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-175.htm - 3K - Match Info - Similar pages
9-15-71
Section 9-15-71 Real property owned by state to be sold or leased by auction or sealed bids.
All sales and leases made by, or on behalf of, the State of Alabama, or any department, board,
bureau, commission, institution, corporation, or agency, of real property or any interest
therein owned by the State of Alabama having an appraised value of more than twenty thousand
dollars ($20,000) shall be made by free and open competitive advertised public auction or
advertised sealed bids to the highest bidder. (Acts 1995, No. 95-280, p. 507, §2; Act 2000-685,
p. 1390, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-15-71.htm - 881 bytes - Match Info - Similar pages
40-18-110
Section 40-18-110 Payment of fee. (a) The fee charged to the department by the United States
Department of the Treasury to intercept a federal income tax refund and forward it to the
department to pay any unpaid Alabama tax liability that is eligible to be submitted to the
United States Department of the Treasury for collection shall be considered reasonable and
shall be paid by the debtor whose federal income tax refund was intercepted. (b) The fee charged
to the department by the United States Department of the Treasury shall be deducted from the
debtor's federal income tax refund by the United States Department of the Treasury and the
eligible debt submitted by the department will further reduce the debtor's federal income
tax refund. (Act 2009-223, p. 320, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-110.htm - 1K - Match Info - Similar pages
40-18-174
Section 40-18-174 Tax imposed on certain built-in gains. (a) If for any taxable year beginning
in the recognition period an Alabama S corporation has a net recognized built-in gain, there
is hereby imposed a tax (computed under subsection (b)) on the income of such corporation
for such taxable year. (b)(1) The amount of the tax imposed by subsection (a) shall be computed
by multiplying five percent by the net recognized built-in gain of the Alabama S corporation
for the taxable year. (2) Notwithstanding Section 40-18-168, any net operating loss carryforward
which would be deductible except for Section 40-18-168 and which arose in a taxable year for
which the corporation was not an Alabama S corporation, shall be allowed as a deduction against
the net recognized built-in gain of the Alabama S corporation for the taxable year. For purposes
of determining the amount of any such loss which may be carried to subsequent taxable years,
the net recognized built-in gain shall be treated as...
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40-18-53
Section 40-18-53 Inspection of returns by federal or foreign state agents. All income tax returns
filed under this chapter, or copies thereof on file with the State Department of Revenue,
shall be open to inspection by officials or duly authorized agents of the Bureau of Internal
Revenue lawfully charged with the administration or enforcement of the federal income tax
law or officials or duly authorized agents lawfully charged with the administration or enforcement
of the income tax laws of any state which allows the State of Alabama or its authorized officials
or agents a like privilege, for the purpose of administration and enforcement of such laws,
subject to the conditions hereinafter included. The inspection shall only be permitted under
such rules and regulations as may be prescribed by the Commissioner of Revenue. (Acts 1951,
No. 848, p. 1478; Acts 1953, No. 207, p. 275.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-53.htm - 1K - Match Info - Similar pages
9-14A-20
Section 9-14A-20 Bonds - Proceeds - Appropriations. The proceeds from the bonds issued by the
Alabama Public Historical Sites and Parks Improvement Corporation and interest income thereon
shall be appropriated as follows: (a) Three million dollars ($3,000,000) of the proceeds and
interest thereon shall be used for the acquisition, improvement, renovation, equipping and
maintenance of state-owned public historical sites and public historical parks not under the
jurisdiction of the Department of Conservation and Natural Resources. (b) Three million dollars
($3,000,000) for the acquisition, improvement, renovation, equipping, and maintenance of publicly-owned
historical sites, public parks, and public historical parks not under the jurisdiction of
the Department of Conservation and Natural Resources, provided that the corporation may provide
up to one third of this amount for the acquisition, improvement, renovation, equipping, and
maintenance of publicly-owned historical sites and...
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41-16-123
Section 41-16-123 Provisions applicable to certain property held by division. This section
shall apply only to that property that has been held by the division for a period of not less
than 60 days from the date the property is first published in the list of surplus property,
as set out in subsection (b) of Section 41-16-121, and not purchased by any eligible entity
as set out in subsection (e) of Section 41-16-120 as follows: (1) All contracts made by or
on behalf of the State of Alabama or a department, board, bureau, commission, institution,
corporation, or agency thereof, of whatever nature for the sale or disposal of tangible personal
property owned by the State of Alabama, other than the following: a. Alcoholic beverages.
b. Products of the Alabama Institute for Deaf and Blind. c. Barter arrangements of the state
prison system. d. Books. e. School supplies. f. Food. g. Property used in vocational projects.
h. Livestock. i. Property owned by any state college or university,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-16-123.htm - 9K - Match Info - Similar pages
45-8-241.24
Section 45-8-241.24 Tax returns, forms, and remittances. On or before 30 days after the end
of the tax year, each person, firm, or corporation liable for the payment of a privilege tax
as levied by this subpart shall make a return showing the gross proceeds of business done
and compute the amount of tax chargeable against him, her, or it in accordance with the provisions
of this subpart and deduct the amount of monthly payments as hereinbefore provided, if any
have been made, and transmit with this report a remittance in the form required by this subpart
covering the residue of the tax chargeable against him or her, to the office of the department,
and such report shall be verified by oath. (Acts 1978, No. 73, p. 1759, §5.)...
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