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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state,
shall execute a compact, in substantially the following form, with the State of Mississippi,
and the Legislature approves and ratifies the compact in the form substantially as follows:
Northeast Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states
solemnly agree: Article I. The purpose of this compact is to promote and develop trade, commerce,
industry, and employment opportunities for the public good and welfare in northeast Mississippi
and northwest Alabama through the establishment of a joint interstate authority to acquire
certain railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-11A-1.htm - 33K - Match Info - Similar pages
11-51-90.2
Section 11-51-90.2 Purchase of business license; classification of taxpayers; vehicle
decals; determination of gross receipts; construction with other provisions. (a) Every taxpayer
required to purchase a business license under this chapter shall: (1) Purchase a business
license for each location at which it does business in the municipality, except as otherwise
provided by the municipality. (2) Except as provided in Section 11-51-193, with respect
to taxpayers subject to state licensing board oversight, be classified into one or more of
the following 2002 North American Industrial Classification System ("NAICS") sectors
and applicable sub-sectors, industry groups, industries, and U.S. industries thereunder: SECTOR
NAICS TITLE SUGGESTED BUSINESS LICENSE CODE GROUPING BY SAMPLE TOPIC OR CATEGORY BASIS FOR
LICENSE CALCULATION 111 Crop Production Agriculture, farming, nursery, fruit, growers Gross
Receipts and/or Flat Rate 112 Animal Production Animal, dairy, cattle, ranching, sheep,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-51-90.2.htm - 26K - Match Info - Similar pages
7-9A-102
Section 7-9A-102 Definitions and index of definitions. (a) Article 9A definitions. In
this article: (1) "Accession" means goods that are physically united with other
goods in such a manner that the identity of the original goods is not lost. (2) "Account,"
except as used in "account for," means a right to payment of a monetary obligation,
whether or not earned by performance, (i) for property that has been or is to be sold, leased,
licensed, assigned, or otherwise disposed of, (ii) for services rendered or to be rendered,
(iii) for a policy of insurance issued or to be issued, (iv) for a secondary obligation incurred
or to be incurred, (v) for energy provided or to be provided, (vi) for the use or hire of
a vessel under a charter or other contract, (vii) arising out of the use of a credit or charge
card or information contained on or for use with the card, or (viii) as winnings in a lottery
or other game of chance operated or sponsored by a State, governmental unit of a State, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-102.htm - 29K - Match Info - Similar pages
27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus
Lines Insurance Multi-State Compliance Compact Act is enacted into law and entered into with
all jurisdictions mutually adopting the compact in the form substantially as follows: PREAMBLE
WHEREAS, with regard to Non-Admitted Insurance policies with risk exposures located in multiple
states, the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted
and Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-61-1.htm - 62K - Match Info - Similar pages
40-18-15.1
Section 40-18-15.1 Net income taxable income defined - Generally. For purposes of this
chapter, the term "taxable income" or "net income" shall mean "gross
income," as defined in Section 40-18-14, less the deductions allowed to individuals
by this chapter. (Act 98-502, p. 1083, ยง1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-15.1.htm - 592 bytes - Match Info - Similar pages
40-16-1.3
Section 40-16-1.3 Net income of credit unions. (a) With respect to credit unions only,
net income means financial statement income which is the final net income amount, total revenue
less total expenses, calculated for financial statement purposes and reported to the Internal
Revenue Service as a tax exempt organization and to the Alabama Credit Union Administration
or other government regulatory authority as appropriate, less the subtractions specified in
subsection (b) and as allocated and apportioned to Alabama according to rules adopted by the
Department of Revenue pursuant to Section 40-16-4. (b) Subtractions. The following
items shall be subtracted from financial statement income for purposes of computing the net
income of a credit union under this chapter: (1) Dividends received from other credit unions
and credit union service organizations as defined by federal law and the regulations of the
National Credit Union Administration. (2) In lieu of deductions for losses or bad...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-16-1.3.htm - 1K - Match Info - Similar pages
40-17-327
Section 40-17-327 Taxable unaccounted for motor fuel losses at a terminal. (a) There
is hereby annually levied a tax at the rates specified by Section 40-17-325 on taxable
unaccounted for motor fuel losses at a terminal in this state. For the purposes of this section,
taxable unaccounted for motor fuel losses shall mean the number of net gallons of unaccounted
for motor fuel losses that exceed one half of one percent of the number of net gallons removed
from the terminal during the year by a bulk transfer or at the terminal rack. Unaccounted
for motor fuel losses means the difference between: (1) The amount of motor fuel in inventory
at the terminal at the beginning of the calendar year plus the amount of motor fuel received
by the terminal during the year; and (2) the amount of motor fuel in inventory at the terminal
at the end of the calendar year plus the amount of motor fuel removed from the terminal during
the year. Accounted for motor fuel losses which have been approved by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-17-327.htm - 1K - Match Info - Similar pages
11-50-411
Section 11-50-411 Disposition of net profits of district; "net income" defined;
distribution of less than net income for fiscal year; availability for payment in future fiscal
years. All the net income of the gas transmission system or systems, for each fiscal year,
of a gas district incorporated under this article shall, unless otherwise provided in the
certificate of incorporation of such district, be divided, within a reasonable time after
the close of each fiscal year, among its member municipalities in proportion to the amount
of gas sold to or within each such municipality. All the net income of each gas distribution
system, for each fiscal year, of any such district shall, unless otherwise provided in its
certificate of incorporation, be distributed and paid, within a reasonable time after the
close of each fiscal year, to the municipality or municipalities within which such distribution
system is located. The term "net income" as used in the preceding two paragraphs
of this...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-411.htm - 5K - Match Info - Similar pages
19-3A-201
Section 19-3A-201 Determination and distribution of net income. After the decedent's
death, in the case of a decedent's estate, or after an income interest in a trust ends, the
following rules apply: (a) If property is specifically given to a beneficiary by will or by
trust, then the fiduciary of the decedent's estate or of the terminating income interest shall
distribute the net income and net principal receipts to the beneficiary who is to receive
the specifically given property, subject to the following rules: (1) The net income and principal
receipts from the specifically given property are determined by including all of the amounts
the fiduciary receives or pays with respect to the specifically given property, whether such
amounts accrued or became due before, on, or after the date of the decedent's death or the
date upon which an income interest in a trust terminates, and by making a reasonable provision
for amounts that the fiduciary believes the decedent's estate or terminating...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3A-201.htm - 4K - Match Info - Similar pages
40-18-15.4
Section 40-18-15.4 Deductions for certain retrofitting or upgrades to homes - Residence
in Alabama Insurance Underwriting Association zone. (a) An individual taxpayer, whose legal
residence is located in an Alabama Insurance Underwriting Association zone pursuant to Section
27-1-17, shall be allowed a deduction from taxable income, regardless of whether the taxpayer
itemizes his or her income tax deductions, in calculating the income tax imposed pursuant
to Section 40-18-5, for certain retrofit costs as described in this section.
The deduction shall be allowed for the costs incurred to retrofit, as specified in Section
27-31D-2, a structure qualifying as the legal residence of a taxpayer to make the residence
more resistant to loss due to a hurricane, tornado, or other catastrophic windstorm event.
(b) In order to qualify for the state income tax deduction allowed pursuant to this section,
the costs may not include ordinary repair or replacement of existing items, and shall be...
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