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40-18-342
Section 40-18-342 Tax credit for equipment and conversion costs. (a)(1) Subject to subdivision
(2), for all tax years beginning after December 31, 2011, until tax year ending December 31,
2017, there shall be allowed to any agricultural trade or business an income tax credit equal
to 20 percent of the cost of the purchase and installation of any qualified irrigation equipment
and any conversion costs related to the conversion of irrigation equipment from fuel to electricity
or qualified reservoirs. For a surface water withdrawal irrigation system to be eligible for
credit, the irrigation system must operate utilizing a qualified reservoir, except when the
surface water withdrawal is directly from any river or stream whose average annual flow exceeds
8,000 cubic feet per second. A qualified reservoir is not required for a ground water withdrawal
irrigation system. The credit shall be equal to 20 percent of the accrued cost of the qualified
irrigation equipment and the cost of...
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40-27-1.1
Section 40-27-1.1 "Business income" defined. Notwithstanding any other provision
of law to the contrary and specifically, Section 40-27-1, for purposes of Article IV
of the Multistate Tax Compact, the term "business income" means income arising from
transactions or activity in the course of the taxpayer's trade or business; or income from
tangible or intangible property if the acquisition, management, or disposition of the property
constitute integral parts of the taxpayer's trade or business operations; or gain or loss
resulting from the sale, exchange, or other disposition of real property or of tangible or
intangible personal property, if the property while owned by the taxpayer was operationally
related to the taxpayer's trade or business carried on in Alabama or operationally related
to sources within Alabama, or the property was operationally related to sources outside this
state and to the taxpayer's trade or business carried on in Alabama; or gain or loss resulting
from the...
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40-7-25.1
Section 40-7-25.1 Current use value of Class III property - Definition; appraisal of
property at request of owner; legislative intent; applicability of section; method
of valuation; factors considered in appraisal; rules and regulations of Department of Revenue;
hearing objections. (a) For ad valorem tax years beginning on and after October 1, 1978, with
respect to taxable property defined in Section 40-8-1, as amended, as Class III property
and upon request by the owner of such property as hereinafter provided, the assessor shall
base his appraisal of the value of such property on its current use on October 1 in any taxable
year and not on its fair and reasonable market value. Failure of an owner of Class III property
to request appraisal at current use value shall mean that the property shall be valued on
its fair and reasonable market value as otherwise provided in this title until such time as
the owner thereof shall request valuation on the basis of current use value. As used in...
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10A-10-1.21
Section 10A-10-1.21 Income tax. (a) A real estate investment trust shall be subject
to the tax imposed by Section 40-18-31, provided, that for purposes of Section
40-18-33, the "net income" of a real estate investment trust shall mean "real
estate investment trust taxable income" as defined in 26 U.S.C. Section 857 as
in effect from time to time. (b) Solely for purposes of conforming federal law with Alabama
law, the "net income" of a real estate investment trust determined pursuant to subsection
(a) shall be further adjusted as follows: (1) The deduction for intercorporate dividends received
under Section 40-18-35(a) (7), shall not be allowed. (2) The deduction for dividends
paid, as defined in 26 U.S.C. Section 561, shall be allowed but (i) shall be computed
without regard to that portion of the deduction which is attributable to the amount equal
to the net income from foreclosure property as defined in 26 U.S.C. Section 857, and
(ii) shall be limited by the provisions of Section...
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34-27-32
Section 34-27-32 Requirements for license; application; place of business; branch offices;
multiple brokers; fees. (a) A license for a broker or a salesperson shall be registered to
a specific real estate office and shall be issued only to, and held only by, a person who
meets all of the following requirements: (1) Is trustworthy and competent to transact the
business of a broker or salesperson in a manner that safeguards the interest of the public.
(2) Is a person whose application for real estate licensure has not been rejected in any state
on any grounds other than failure to pass a written examination within the two years prior
to the application for real estate licensure with Alabama. If the applicant's rejection for
real estate licensure in any state is more than two years from the date of application for
licensure with Alabama, then the applicant may not be issued an Alabama real estate license
without the approval of the commissioners. (3) Is a person whose real estate license...
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45-39-245.02
Section 45-39-245.02 Privilege or license tax - City of Florence. In the City of Florence,
Alabama, there is hereby levied, in addition to all other taxes of every kind now imposed
by law, and shall be collected as herein provided, a privilege or license tax against the
person on account of the business activities and in the amount to be determined by the application
of rates against gross sales, or gross receipts, as the case may be, as follows: (1) Upon
every person, firm, or corporation, engaged or continuing within the City of Florence, Alabama,
in business of selling at retail any tangible personal property whatsoever, including merchandise
and commodities of every kind and character, not including, however, bonds or other evidences
of debts or stocks, nor sale or sales of material and supplies to any person for use in fulfilling
a contract for the painting, repair, or reconditioning of vessels, barges, ships, and other
watercraft of over 50 tons burden, an amount equal to...
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40-1-9
Section 40-1-9 Equalization of taxation of state and national banks. No tax levied by
the State of Alabama, whether upon property, franchise, income, or otherwise shall be levied
upon or applicable to a bank chartered by the banking authorities of the State of Alabama
unless said tax is levied upon and applicable to all banks and banking institutions, including
national banks, doing business in the State of Alabama. (Acts 1967, Ex. Sess., No. 242, p.
323.)...
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40-9-21
Section 40-9-21 Principal residences and 160 acres adjacent thereto of permanently and
totally disabled persons or persons 65 years of age or older having net annual federally taxable
income of $12,000 or less. (a) In addition to the persons and property exempt from ad valorem
taxation as prescribed in Section 40-9-1, the following shall also be exempt from ad
valorem taxation: The principal residence and 160 acres adjacent thereto of any person who
is permanently and totally disabled or who is 65 years of age or older having a net annual
taxable income of twelve thousand dollars ($12,000) or less, as shown on such person's and
spouse's latest United States income tax return or some other appropriate evidence acceptable
to the department. In the event that such person and spouse are not required to file a United
States income tax return, then an affidavit indicating that the net taxable income of such
person and spouse for the preceding taxable year was twelve thousand dollars...
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40-9-37
Section 40-9-37 Military death benefits. (a) This section shall be known and
may be cited as the Jason Barfield Act. (b) Any payment made by the United States Department
of Defense as a result of the death of a member of the Armed Forces of the United States who
has been killed in action in a United States Department of Defense designated combat zone
and was a resident of the State of Alabama at the time of his or her death shall be exempt
from Alabama income tax during the taxable year in which the individual is declared deceased
by the Armed Forces. Any income earned by the spouse of a member of the Armed Forces of the
United States who has been killed in action in a United States Department of Defense designated
combat zone shall be exempt from Alabama income tax during the taxable year in which the individual
is declared deceased by the Armed Forces. (c) In any case where income tax has been paid upon
any income exempt pursuant to subsection (b), the tax monies shall be refunded to...
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45-39-245
Section 45-39-245 Privilege or license tax - Outside City of Florence. In Lauderdale
County, Alabama, outside the city limits of Florence, there is hereby levied, in addition
to all other taxes of every kind now imposed by law, and shall be collected as herein provided,
a privilege or license tax against the person on account of the business activities and in
the amount to be determined by the application of rates against gross sales, or gross receipts,
as the case may be, as follows: (1) Upon every person, firm, or corporation, engaged, or continuing
within Lauderdale County, Alabama, outside the city limits of Florence, in business of selling
at retail any tangible personal property whatsoever, including merchandise and commodities
of every kind and character, not including, however, bonds or other evidences of debts or
stocks, nor sale or sales of material and supplies to any person for use in fulfilling contract
for the painting, repair, or reconditioning of vessels, barges, ships,...
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