22-21-171
Section 22-21-171 Purpose and construction of article. It is the intention of the Legislature
by the passage of this article to authorize in each of the several counties of the state the
organization of a public corporation or corporations for the purpose of acquiring, owning
and operating public hospitals and other health-care and related facilities in the county
in which such corporation shall be organized. It is the legislative intent to confer on corporations
organized under this article all the powers requisite for the fulfillment of the purposes
of their organization, including the power to do whatever financing may be necessary to accomplish
such purposes. This article shall be liberally construed to give effect to its purpose. Corporations
organized under this article shall be public, nonprofit corporations, and no part of the net
earnings thereof shall inure to the benefit of any individual or private corporation. (Acts
1975, 3rd Ex. Sess., No. 183, p. 442, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-171.htm - 1K - Match Info - Similar pages

40-17-347
Section 40-17-347 Monthly informational report of terminal operators; annual report.
(a) A terminal operator shall file with the department a monthly informational report showing
the amount of motor fuel received and removed from the terminal during the month. The report
is due by the last day of the month following the month covered by the report. The report
shall contain all of the following information and any other information required by the department:
(1) The terminal code assigned by the Internal Revenue Service. (2) The beginning and ending
inventory which pertains to the applicable reporting month. (3) The number of net gallons
of motor fuel received in inventory at the terminal during the month and each position holder
for the motor fuel. (4) The number of net gallons of motor fuel removed from inventory at
the terminal during the month and, for each removal, the position holder for the motor fuel
and the destination state of the motor fuel. (5) The number of net gallons of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-17-347.htm - 2K - Match Info - Similar pages

45-39-140.02
Section 45-39-140.02 Fire protection service fee - Levy; definitions; exemptions. (a)
There is hereby levied on the owner of each residential dwelling and on the owner of each
business or commercial building or facility located in those portions of Lauderdale County
located outside the corporate boundaries of the City of Florence a fire protection service
fee of fifty dollars ($50) per year. (b) For the purposes of this article a dwelling shall
be defined as any building, structure, or other improvement to real property used or expected
to be used as a dwelling or residence for one or more human beings, including specifically
and without limiting the generality of the foregoing, any such building, structure, or improvement
assessed, for purposes of state and county ad valorem taxation, as Class III single-family
owner-occupied residential property, a duplex or an apartment building, and any mobile home
or house trailer. Any such building, structure, or other improvement shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-39-140.02.htm - 2K - Match Info - Similar pages

45-42-140.02
Section 45-42-140.02 Fire protection service fee - Levy; definitions; exemptions. (a)
There is levied on the owner of each dwelling and business located in those portions of Limestone
County located outside the corporate boundaries of any municipality having a municipal fire
department a fire protection service fee of two dollars fifty cents ($2.50) monthly on each
dwelling and five dollars ($5) monthly on each business to be collected annually. (b) For
the purposes of this article a dwelling shall be defined as any building, structure, or other
improvement to real property used or expected to be used as a dwelling or residence for one
or more human beings, including specifically and without limiting the generality of the foregoing,
(i) such a building, structure, or improvement assessed, for purposes of state and county
ad valorem taxation, as Class III single-family owner-occupied residential property, (ii)
a duplex or an apartment building, and (iii) any mobile home or house...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-42-140.02.htm - 2K - Match Info - Similar pages

19-3A-104
Section 19-3A-104 Trustee's power to adjust. (a) If the terms of the trust expressly
provide by specific reference to this section, then a trustee may have the power to
adjust between principal and income to the extent the trustee considers necessary if (1) the
trustee invests and manages trust assets as a prudent investor; (2) the terms of the trust
describe the amount that may or must be distributed to a beneficiary by referring to the trust's
income, and (3) the trustee determines, after applying the rules in Section 19-3A-103(a),
that the trustee is unable to comply with Section 19-3A-103(b). (b) In deciding whether
and to what extent to exercise the power conferred by subsection (a), a trustee shall consider
all factors relevant to the trust and its beneficiaries, including, but not limited to: (1)
The nature, purpose, and expected duration of the trust; (2) The intent of the settlor; (3)
The identity and circumstances of the beneficiaries; (4) The needs for liquidity for the...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3A-104.htm - 6K - Match Info - Similar pages

19-3A-409
Section 19-3A-409 Deferred compensation, annuities, and similar payments. (a) In this
section: (1) "Payment" means a payment that a fiduciary may receive over
a fixed number of years or during the life of one or more individuals because of services
rendered or property transferred to the payer in exchange for future payments. The term includes
a payment made in money or property from the payer's general assets or from a separate fund
created by the payer. For purposes of subsections (d), (e), (f), and (g), the term also includes
any payment from any separate fund, regardless of the reason for the payment. (2) "Separate
fund" includes a private or commercial annuity, an individual retirement account, and
a pension, profit-sharing, stock-bonus, or stock-ownership plan. (b) To the extent that a
payment or portion thereof is characterized by other sections of this chapter as income in
the hands of the payer, a fiduciary shall allocate such payment or portion thereof to income.
The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3A-409.htm - 6K - Match Info - Similar pages

19-3D-19
Section 19-3D-19 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018
REGULAR SESSION, EFFECTIVE JANUARY 1, 2019. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. TAX-RELATED
LIMITATIONS. (a) In this section the following terms have the following meanings: (1)
GRANTOR TRUST. A trust as to which a settlor of a first trust is considered the owner under
26 U.S.C. Sections 671 through 677, as amended, or 26 U.S.C. Section 679, as amended.
(2) INTERNAL REVENUE CODE. The United States Internal Revenue Code of 1986, as amended. (3)
NONGRANTOR TRUST. A trust that is not a grantor trust. (4) QUALIFIED BENEFITS PROPERTY. Property
subject to the minimum distribution requirements of 26 U.S.C. Section 401(a)(9), as
amended, and any applicable regulations, or to any similar requirements that refer to 26 U.S.C.
Section 401(a)(9) or the regulations. (b) An exercise of the decanting power is subject
to the following limitations: (1) If a first trust contains property that qualified, or would
have...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3D-19.htm - 8K - Match Info - Similar pages

22-21-375
Section 22-21-375 Issuance of license; revocation; procedures for review and mediation
of complaints. (a) The Department of Insurance shall issue a license to each applicant upon
payment of the prescribed fees and upon being satisfied that: (1) The applicant has been organized
in a bona fide manner for the purpose of establishing, maintaining, and operating a dental
service plan. (2) Each contract executed, or proposed to be executed, by the applicant and
a dentist obligates, or will when executed obligate, such dentist to render the service or
accept payment for the service to which each subscriber may be entitled under the terms of
the contract issued to the subscriber. (3) Each contract issued, or proposed to be issued,
to subscribers is in a form approved by the department and that the rates charged, or proposed
to be charged, for each form of such contract and benefits to be provided pursuant thereto
are fair and reasonable and are actuarially sound. (4) No contributions to the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-375.htm - 4K - Match Info - Similar pages

40-15-7
Section 40-15-7 Nonresident decedents. (a) Except as herein otherwise provided, all
of the provisions of this chapter shall be applicable to so much of the estates of nonresident
decedents as is subject to estate tax under the act of Congress in effect at the time of the
death of decedent as consists of real estate or tangible personal property located within
this state or other items of property or interest therein lawfully subject to the imposition
of an estate tax by the State of Alabama. (b) In assessing the tax upon any real estate or
tangible property located within this state belonging to the estate of a nonresident decedent,
which shall pass by will, devise or by the laws of intestacy, the Department of Revenue shall
determine the tax due to be such proportion of the federal estate tax as would be leviable
upon an estate of similar taxable net value, less that proportion of any exemption to which
the estate is entitled, which the actual value of the real estate and tangible...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-15-7.htm - 9K - Match Info - Similar pages

40-18-160
Section 40-18-160 General provisions. (a) An Alabama S corporation shall not be subject
to the tax imposed by Section 40-18-31. (b) For purposes of this chapter, an "Alabama
S corporation" is a corporation: (1) With respect to which an election under 26 U.S.C.
§1362 is in effect; or (2)a. With respect to which there is in effect an election under 26
U.S.C. §1361(b)(3) to treat such corporation as a qualified subchapter S subsidiary; and
b. All the stock of which is owned by an S corporation qualifying as an "Alabama S corporation"
under subdivision (b)(1). No corporation shall be an Alabama S corporation for any portion
of a taxable year of the corporation during which an election under 26 U.S.C. §1362 or §1361(b)(3),
whichever is applicable, is not in effect for federal income tax purposes. No corporation
shall be an Alabama S corporation if it is a financial institution, as defined in Section
40-16-1. (c) For purposes of this chapter, an "Alabama C corporation" means any...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-160.htm - 1K - Match Info - Similar pages