|
40-29-23.1
Section 40-29-23.1 Development and operation of financial institution data match program.
(a) For purposes of this section the following terms shall have the following meanings:
(1) ACCOUNT. A demand deposit account, checking account, negotiable withdrawal order account,
savings account, time deposit account, or money-market mutual fund account. (2) ACCOUNT HOLDER.
A person or persons authorized to perform transactions on behalf of an account. (3) DELINQUENT
TAXPAYER. A taxpayer with an outstanding tax liability for which a final assessment has been
entered that is no longer subject to appeal under the Alabama Taxpayer's Bill of Rights, so
that the assessment is final, due, and owing, and for whom both of the following conditions
are true: a. The tax liability remains unpaid after 10 days from the issuance of a final notice
before seizure by the department. b. The person is not making current timely installment payments
on the tax liability under agreement with the department. (4)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-29-23.1.htm - 5K - Match Info - Similar pages
30-3-191
Section 30-3-191 Definitions. When used in Sections 30-3-191 to 30-3-199, inclusive,
the following words shall have the following meanings: (1) ACCOUNT. A demand deposit account,
checking or negotiable withdrawal order account, savings account, time deposit account, or
money-market mutual fund account. (2) BUSINESS DAY. A day on which state offices are open
for regular business. (3) COMMERCIAL DRIVER LICENSE. A license issued to an individual that
authorizes the individual to drive a motor vehicle as part of conducting business. (4) CONFIDENTIAL
INFORMATION. Information provided by a service applicant or recipient or obtained from other
sources about him or her which may be released only as required by court order or state or
federal law. (5) COURT. A court of competent jurisdiction or administrative agency having
the authority to issue and enforce support orders. (6) DATA MATCH. An automated process of
matching specified information from the financial records of financial institutions...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/30-3-191.htm - 5K - Match Info - Similar pages
24-11-6
Section 24-11-6 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018
REGULAR SESSION, EFFECTIVE MARCH 28, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. Responsibilities
of Financial Institutions. (a) A financial institution shall be required to do the following:
(1) Create a new account for the first-time and second chance home buyer and designate the
account as a "first-time and second chance home buyer's savings account" on records
and transactional statements related to the account. (2) Provide the account holder with a
detailed account statement relating to the first-time and second chance home buyer's savings
account on a yearly basis. (b) A financial institution shall not be required to do any of
the following: (1) Track the use of money withdrawn from a first-time and second chance home
buyer savings account. (2) Allocate funds in a first-time and second chance home buyer savings
account between joint account holders. (3) Report any information not otherwise...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-11-6.htm - 2K - Match Info - Similar pages
24-11-9
Section 24-11-9 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018
REGULAR SESSION, EFFECTIVE MARCH 28, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. Department
of Revenue; Forms. The Department of Revenue shall adopt forms for the following: (1) The
designation of an account with a financial institution to serve as a first-time and second
chance home buyer savings account. (2) An account holder to annually submit to the Department
of Revenue detailed information regarding the first-time and second chance home buyer savings
account, including, but not limited to, a list of transactions for the account during the
tax year and identifying any supporting documentation required to be maintained by the account
holder. (Act 2018-467, ยง9.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-11-9.htm - 1K - Match Info - Similar pages
16-46-5
Section 16-46-5 License for operation of schools; fees; financial stability. (a) No
private postsecondary institution, except those enumerated in Section 16-46-3, shall
operate within this state unless the private postsecondary institution first secures a license
from the Department of Postsecondary Education, regardless of whether the private postsecondary
institution enrolls Alabama students or has a physical presence within the State of Alabama.
Procedures for licensing and bonding of private postsecondary institutions operating courses
in separate locations shall be established in the rules and regulations pursuant to Section
16-46-7. (b) For all applicable private postsecondary schools or institutions that apply for
a license and that meet the criteria identified in this section, the Department of
Postsecondary Education shall issue a license to be publicly displayed on the premises where
the private postsecondary institution operates. (c) The application for a license for a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-46-5.htm - 8K - Match Info - Similar pages
24-11-5
Section 24-11-5 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018
REGULAR SESSION, EFFECTIVE MARCH 28, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. Account
Holder Responsibilities. The account holder shall do all of the following: (1) Not use funds
held in a first-time and second chance home buyer savings account to pay expenses of administering
the account, except that a service or other account fee may be deducted from the account by
the financial institution in which the account is held. (2) Submit the following to the Department
of Revenue with the account holder's Alabama income tax return: a. Detailed information, in
a form prescribed by the Department of Revenue, regarding the first-time and second chance
home buyer savings account, including a list of transactions for the account during the tax
year. b. Form 1099 issued by the financial institution for the account. (3) Submit to the
department, upon a withdrawal of funds from a first-time and second chance...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-11-5.htm - 1K - Match Info - Similar pages
24-11-3
Section 24-11-3 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018
REGULAR SESSION, EFFECTIVE MARCH 28, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. Definitions.
As used in this chapter, the following terms shall have the following meanings: (1) ACCOUNT
HOLDER. A first-time and second chance home buyer who establishes, individually or jointly
with another first-time and second chance home buyer, a first-time and second chance home
buyer savings account. (2) ALLOWABLE CLOSING COSTS. A disbursement listed on a settlement
statement for the purchase of a single-family residence in Alabama by a first-time and second
chance home buyer. (3) DEPARTMENT. Alabama Department of Revenue. (4) ELIGIBLE COSTS. The
down payment and allowable closing costs for the purchase of a single-family residence in
Alabama by a first-time and second chance home buyer. Eligible costs do not include any costs
incurred prior to the establishment of a first-time and second chance home buyer savings...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-11-3.htm - 2K - Match Info - Similar pages
38-14-1
Section 38-14-1 Definitions. As used in this chapter, the following terms shall have
the following meanings: (1) DEPARTMENT. The Department of Human Resources. (2) ELIGIBLE INDIVIDUAL
or FAMILY MEMBER. A person whose household income is equal to or less than 80 percent of the
median household income for the state or less than 200 percent of the federal poverty guidelines,
whichever is greater. (3) EMERGENCY. Payments for necessary medical expenses of the account
owner or family member, expenses to avoid the eviction of the account owner from the account
owner's primary residence, and for necessary living expenses following a loss of income (4)
FIDUCIARY ORGANIZATION. Any nonprofit, fund-raising organization that is exempt from taxation
under Section 501(c)(3) of the Internal Revenue Code, as amended; any certified community
development financial institution; any credit union chartered under federal or state law;
or any Indian tribe as defined in Section 4(12) of the Native American...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/38-14-1.htm - 3K - Match Info - Similar pages
40-14A-24
Section 40-14A-24 Net worth in Alabama. (a) A taxpayer's net worth in Alabama shall
be determined by apportioning the taxpayer's net worth computed under Section 40-14A-23
in the same manner as prescribed for apportioning income during the determination period for
purposes of the income tax levied by Chapter 18, or the manner in which the income would be
apportioned if the taxpayer were subject to the income tax, or for the purposes of the financial
institution excise tax levied by Chapter 16; provided, however, that the net worth of insurers
subject to the insurance premium tax levied by Chapter 4A of Title 27 shall be apportioned
on the basis of the ratio of the insurer's Alabama premium income to its nationwide total
direct premiums as reflected on schedule T of the insurer's annual statement filed with the
Commissioner of Insurance for the then immediately preceding calendar year. (b) There shall
be deducted from the amount of net worth in Alabama as determined in accordance with...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-14A-24.htm - 8K - Match Info - Similar pages
40-2A-7
Section 40-2A-7 Uniform revenue procedures. (a) Maintenance of records; audit and subpoena
authority; authority to issue regulations. (1) In addition to all other recordkeeping requirements
otherwise set out in this title, taxpayers shall keep and maintain an accurate and complete
set of records, books, and other information sufficient to allow the department to determine
the correct amount of value or correct amount of any tax, license, permit, or fee administered
by the department, or other records or information as may be necessary for the proper administration
of any matters under the jurisdiction of the department. The books, records, and other information
shall be open and available for inspection by the department upon request at a reasonable
time and location. (2) The department may examine and audit the records, books, or other relevant
information maintained by any taxpayer or other person for the purpose of computing and determining
the correct amount of value or correct...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-2A-7.htm - 28K - Match Info - Similar pages
|