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40-18-15.5
Section 40-18-15.5 Deductions for certain retrofitting or upgrades to homes - Residence
in Alabama. (a) Any individual taxpayer, whose legal residence is located in Alabama, 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 a structure qualifying as the legal residence
of the taxpayer to make the structure more resistant to loss due to hurricane, tornado, other
catastrophic windstorm event, or rising floodwaters. (b) In order to qualify for the state
income tax deduction allowed pursuant to this section, costs may include ordinary repair,
replacement, and upgrades to existing residential property and new construction so long as
the repair, replacement, and upgrades are designed to resist loss associated with any windstorm...
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40-18-37
Section 40-18-37 Items not deductible by corporations. In computing net income of corporations,
no deduction shall in any case be allowed in respect to any of the items specified in Section
40-18-17. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §404.)...
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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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15-22-2
Section 15-22-2 Supervision fee; Probationer's Upkeep Fund; exclusion from taxable income;
compliance with rules and regulations. (a)(1) Any person who is placed on parole by the Board
of Pardons and Paroles or any person who is granted probation by a court of competent jurisdiction
and who is subject to supervision by the Board of Pardons and Paroles and who has an income
shall be required to contribute forty dollars ($40) per month toward the cost of his or her
supervision and rehabilitation beginning 30 days from the date he or she has an income. The
sum shall be deducted by the parolee or probationer from his or her monthly income and delivered
to the Board of Pardons and Paroles each month for deposit in the General Fund of the State
Treasury. By prior agreement between an employer and employee, an employer may deduct forty
dollars ($40) from the monthly net earned income of the parolee or probationer and remit the
amount to the Board of Pardons and Paroles each month. The...
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40-14A-2
Section 40-14A-2 Operating rules. (a) The taxpayer's net worth shall be determined for
purposes of the taxes levied by this chapter in accordance with the accounting principles
used in preparing the taxpayer's financial statements reported to its owners. If the taxpayer's
financial statements are not prepared in accordance with generally accepted accounting principles,
then net worth for such purposes shall be determined either on the same basis as it prepares
its federal income tax return or as required by the appropriate regulatory agencies having
jurisdiction. However, in the case of a taxpayer that is an insurer holding a certificate
of authority to conduct an insurance business within the State of Alabama, net worth for such
purposes shall be computed on the same basis as its financial statements are prepared in accordance
with the requirements of the State of Alabama Insurance Department. (b) Net worth may be determined
from the taxpayer's financial statements for its...
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40-18-168
Section 40-18-168 "Carryforward" and "carryback" provisions. No
carryforward and no carryback arising for a taxable year for which a corporation is not an
Alabama S corporation may be carried to a taxable year which such corporation is an Alabama
S corporation. No carryforward and no carryback shall arise at the corporate level for a taxable
year for which a corporation is an Alabama S corporation. Nothing in this section shall
prevent treating a taxable year for which a corporation is an Alabama S corporation as a taxable
year for purposes of determining the number of taxable years to which an item may be carried
back or carried forward. (Code 1975, §40-14-98; Acts 1984, 1st Ex. Sess., No. 84-756, p.
121, §9.)...
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41-6-53
Section 41-6-53 Gifts deemed gifts to state; deduction of amount of gift for income
tax purposes. Every gift to the Department of Archives and History payable into the fund,
whether or not the use thereof is prescribed by the donor or the gift is designated as a memorial
to a specified person, shall be deemed a gift to the State of Alabama. The donor in computing
his net income for state income tax purposes for the year in which he makes the gift may deduct
the amount of the gift from his gross income as authorized in Section 40-18-15. (Acts
1967, No. 522, p. 1252, §4.)...
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40-18-31
Section 40-18-31 Corporate income tax - Generally. (a) A corporation subject to the
tax imposed by Section 40-18-2 shall pay a tax equal to six and one-half percent of
the taxable income of the corporation, as defined in this chapter. (b) If the taxpayer elects
to file an Alabama consolidated return under Section 40-18-39, the tax shall be assessed,
collected, and paid annually for each taxable year at the rate specified in subsection (a),
upon and with respect to the taxable income of the Alabama affiliated group. (Acts 1935, No.
194, p. 256; Code 1940, T. 51, §398; Acts 1963, 2nd Ex. Sess., No. 104, p. 284, §1; Act
98-502, p. 1083, §1; Act 99-664, 2nd Sp. Sess., p. 124, §1.)...
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27-17A-50
Section 27-17A-50 Financial interest in asset or business in which endowment care trust
invests, etc.; disposition of funds. (a) No cemetery authority may directly or indirectly
require or direct the investment, reinvestment, or retention by a qualified trustee of any
part of an endowment care trust in any asset or business in which the cemetery authority or
any officer, director, owner, partner, or employee of the cemetery authority has a financial
interest. Nothing contained in this subsection shall prevent the trustee, subject to the provisions
regarding investment and reinvestment of the trust estate as are contained in the governing
instrument creating the trust, from investing, reinvesting, or retaining any asset or business
in which the cemetery authority or any officer, director, owner, partner, or employee of the
cemetery authority has an insubstantial or nonmaterial financial interest, provided that the
trustee, in the exercise of the trustee's discretion, deems the...
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25-4-152
Section 25-4-152 Deduction of child support obligations; procedures; reimbursement for
administrative costs; time of implementation; deduction of federal income tax. (a) (1) An
individual filing a claim for unemployment compensation shall, at the time of filing such
claim, disclose whether or not the individual owes child support obligations as defined under
subdivision (7). If any such individual discloses that he or she owes child support obligations,
and is determined to be eligible for unemployment compensation, the secretary shall notify
the state or local child support enforcement agency enforcing such obligation that the individual
has been determined to be eligible for unemployment compensation. (2) The secretary shall
deduct and withhold from any unemployment compensation payable to an individual who owes child
support obligations as defined under subdivision (7). a. The amount specified by the individual
to the secretary to be deducted and withheld under this subdivision, if...
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