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33-2-182
Section 33-2-182 Authorization to issue refunding bonds. Subject to the provisions contained
in this article, the department may from time to time sell and issue its refunding bonds for
the purpose of refunding any or all of the outstanding bonds then outstanding, together with
any interest thereon whether due and unpaid at the time of issuance of such refunding bonds
or not, and with any premium that may be necessary to be paid in order to redeem or retire
those outstanding bonds proposed to be refunded. In the discretion of the department, with
the approval of the Governor, refunding bonds may be issued in exchange for outstanding bonds
or they may be sold and the proceeds thereof applied to the purchase, redemption or payment
of outstanding bonds. Refunding bonds to be issued in exchange for outstanding bonds may be
issued in such principal amount as the department shall determine. Refunding bonds to be sold
may be issued in such principal amount as shall be determined by the...
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37-11C-4
Section 37-11C-4 Allowance and claim of tax credits; Railroad Rehabilitation Income Tax Credit
Account; written transfer agreements. (a) For tax years beginning after December 31, 2019,
there is a credit allowed against the state income tax levied by Section 40-18-2 equal to
50 percent of an eligible taxpayer's qualified railroad rehabilitation expenditures. The tax
credit allowed under this section may not exceed three thousand five hundred dollars ($3,500)
multiplied by the number of miles of railroad track owned or leased within the state by the
eligible taxpayer at the close of the taxable year. (b) There is created within the Education
Trust Fund a separate account named the Railroad Rehabilitation Income Tax Credit Account.
The Commissioner of Revenue shall certify to the state Comptroller the amount of income tax
credits under this section and the state Comptroller shall transfer into the Railroad Rehabilitation
Income Tax Credit Account only the amount from sales tax revenues...
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40-16-8
Section 40-16-8 Exemptions and credits. All moneyed capital employed in the business the privilege
of engaging in which is hereby taxed and the shares of all financial institutions, as in this
chapter defined, shall be exempted from assessment and payment of ad valorem taxes, except
the moneyed capital and shares of any business hereby taxed which fails to make and file the
returns required by this chapter and to pay the tax levied by this chapter as and when in
this chapter provided. The real estate owned by every such financial institution shall not
be exempted. If any other tax other than the privilege tax levied by Article 2 of Chapter
14A, whether on property (other than ad valorem taxes on real estate), income, business or
any element thereof, except license taxes not in excess of those heretofore legally levied
and in effect, at any time after July 10, 1935, has been, or is at any time hereafter levied
by this state or by any political subdivision of this state on any financial...
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40-20-1
Section 40-20-1 Definitions. For the purpose of this article, the following terms shall have
the respective meanings ascribed by this section: (1) DEPARTMENT. The state Department of
Revenue. (2) ANNUAL. The calendar year or the taxpayer's fiscal year, when permission is obtained
from the department to use a fiscal year as a tax period in lieu of a calendar year. (3) VALUE.
The sale price or market value at the mouth of the well. If the oil or gas is exchanged for
something other than cash, if there is no sale at the time of severance or if the relation
between the buyer and the seller is such that the consideration paid, if any, is not indicative
of the true value or market price, then the department shall determine the value of the oil
or gas subject to the tax hereinafter provided for, considering the sale price for cash of
oil or gas of like quality. (4) OIL. Crude petroleum oil and other hydrocarbons regardless
of gravity which are produced at the well in liquid form by ordinary...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-20-1.htm - 7K - Match Info - Similar pages
5-18A-13
Section 5-18A-13 Duties of licensee. (a) A licensee may not knowingly enter into a deferred
presentment transaction with a customer that has outstanding deferred presentment transactions
from any lender at any location that exceeds five hundred dollars ($500) for the term of the
loan. (b) Before a licensee shall present for payment or deposit a check or debit authorization
accepted by the licensee, the check shall be endorsed with the actual name under which the
licensee is doing business. (c) Any agreement for a deferred presentment transaction shall
be in writing and signed by the checking account holder. The customer in a deferred presentment
contract shall have the right to redeem the check or debit authorization from the licensee
before the agreed date of deposit upon payment to the licensee of the amount of the contract.
A licensee shall not defer presentment of any personal check or debit authorization for less
than 10 days nor more than 31 calendar days after the date of the...
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5-7A-62
Section 5-7A-62 Application to convert charter; written plan of conversion; authorizing resolution;
submission to superintendent; fee; tentative approval; vote of stockholders or members; directors;
articles of incorporation and bylaws; statement of superintendent's objections; amendment;
appeal of disapproval; application to FDIC; final approval and permit. Any savings institution
may apply to the superintendent for permission to convert its charter in order to do business
as a state chartered bank in accordance with the following procedures: (1) The board of directors
shall approve a written plan of conversion, the application for conversion and shall adopt
an authorizing resolution, all by a vote of a majority of all the directors. The plan of conversion
shall include a statement of: a. The proposed organization and management structure of the
resulting bank if the application were approved, and the proposed name under which it would
do business as a bank; b. The method and time...
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11-88-106
Section 11-88-106 Maintenance of sinking fund accounts by official charged with duty of collecting
assessments; institution of mandamus proceedings against officer failing to maintain separate
sinking fund accounts, pay bonds or interest thereon, etc. The official charged with the duty
of collecting assessments shall keep all sinking funds in some bank or banks paying interest
on time deposits to be designated by the board, and shall provide and keep a separate sinking
fund account for each bond issued. If the said officer shall fail to provide and keep the
said separate sinking fund account for each such bond issue in the said bank or banks or shall
divert any of such funds to other uses or shall fail to pay any bond or bonds or the interest
thereon properly payable from the said funds when available, any user of the improvements
financed thereby or any holder of bonds of the series affected by such diversion or failure
shall have the right to apply to any court of competent...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-106.htm - 1K - Match Info - Similar pages
16-5-7
Section 16-5-7 State university and college electronic faculty and student unit record system;
definitions; state coordinating agency; advisory committee; database reports; failure to comply
with requirements. (a) For the purposes of this section, the following words shall have the
following meanings: (1) BIOGRAPHICAL AND DEMOGRAPHIC DATA ELEMENTS. Include, but are not limited
to, student identification number which shall not be the Social Security number, sex code,
race and ethnic identification code, birth date, country of citizenship, state of geographic
origin on entry, matriculation date, and college graduation date. (2) CURRENT EDUCATIONAL
ACTIVITY DATA ELEMENTS. Include, but are not limited to, student level, major area code, credit
hours enrolled, cumulative credit hours attempted, cumulative credit hours earned, cumulative
grade point average (GPA), state of current legal residence, residency status, cumulative
quality points, veterans' benefits status, housing status, minor/...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-5-7.htm - 8K - Match Info - Similar pages
29-1-26
Section 29-1-26 Legislative double dipping prohibited. (a) This section shall be known and
may be cited as the Legislative Double Dipping Prohibition Act. (b) Any other provision of
law to the contrary notwithstanding, and except as provided in subsection (c), a member of
the Legislature, during his or her term of office, may not be an employee of any other branch
of state government, any department, agency, board, or commission of the state, or any public
educational institution including, but not limited to, a local board of education, a two-year
institution of higher education, or a four-year institution of higher education. For purposes
of this section, employee means any of the following: (1) An employee as defined in Section
36-27-1, or a teacher as defined in Section 16-25-1. An employee as defined in this subsection
shall not include any person receiving pension benefits from the Retirement Systems of Alabama.
(2) A person who is personally providing services under a personal...
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40-18-103
Section 40-18-103 Procedure for setoff and notification of taxpayer. (a) A county or municipality
may submit a debt of at least $25 owed to it for collection under this chapter. Provided,
however, that a county or municipality must submit the debt to the department through one
of the following: (1) The Association of County Commissions of Alabama or an entity established
through the Association of County Commissions of Alabama. (2) The Alabama League of Municipalities
or an entity established through the Alabama League of Municipalities. The organization which
submits a debt on behalf of any county or municipality may assess a reasonable fee, which
shall be twenty-five dollars ($25) for submitting the debt. This fee may be assessed against
the debtor and collected as the first amount set off against any tax refund. (b) Within a
time frame specified by the department, a claimant agency seeking to collect a debt through
setoff shall supply the information necessary to identify each...
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