40-16-11
Section 40-16-11 Transition rules for Financial Institution Excise Tax Reform Act of 2019. This section provides for transition rules for the implementation of the Financial Institution Excise Tax Reform Act of 2019. (1) Act 2019-284 imposes for the first time a system of prepaid estimated tax payments patterned after the federal system and transitions the Financial Institution Excise Tax from the current post-payment system. To account for this transition, the Department of Revenue shall waive both penalties and interest attributable to underpayments of estimated tax payments occurring within the first two applicable tax years and not attributable to an intentional disregard of the law. (2) Act 2019-284's conformity of the depreciation deduction allowed in the calculation of the tax due under this chapter with the corollary deduction allowed for federal income tax purposes, as well as the act's express rejection of the federal Tax Cuts and Jobs Act of 2017's (i) limitations on the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-16-11.htm - 4K - Match Info - Similar pages
45-49A-81.11
Section 45-49A-81.11 Pension eligibility for certain employees - 25 years of service. (a) Any employee of the City of Prichard who has been in the service thereof for as long as 25 years, the last four years of which, counting a major fraction of a year as a full year, have been continuous, upon making written application to the City Council of the City of Prichard, Alabama, therefor, shall, without medical examination or disability be retired from service of the City of Prichard and upon such retirement the council shall direct the payment to the retiring employee monthly from such fund, a sum equal to 55 percent of the monthly compensation received by such employee as salary or other compensation at the time of his or her retirement, or an amount equal to 55 percent of the average compensation of such employee over the then past four calendar years, whichever shall be the greater, multiplied by the percentages applicable from the table below: Years Service Percentage 25 55 26 56 27...
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6-2-38
Section 6-2-38 Commencement of actions - Two years. (a) An action by a representative to recover damages for wrongful act, omission, or negligence causing the death of the decedent under Sections 6-5-391 and 6-5-410 must be commenced within two years from the death. (b) All actions by common carriers of property subject to Chapter 3 of Title 37 for recovery of their charges, or any part thereof, shall be begun within two years from the time the cause of action accrues and not after. (c) For recovery of charges, action shall be begun against common carriers of property by motor vehicles subject to this article within two years from the time the cause of action accrues and not after, except as provided in subsection (d) of this section; provided, that if claim for the overcharge has been presented in writing to the carrier within the two-year period of limitation, said period shall be extended to include six months from the time notice in writing is given by the carrier to the claimant...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/6-2-38.htm - 4K - Match Info - Similar pages
16-25-10.8
Section 16-25-10.8 Officers and employees of Developing Alabama Youth Foundation; contributions; creditable service. (a) The governing body of the Developing Alabama Youth Foundation may, by resolution legally adopted to conform to the rules prescribed by the Board of Control of the Teachers' Retirement System, elect to have its executive officers and full-time employees, from whatever source and in whatever manner paid, become eligible to participate in the Teachers' Retirement System of Alabama, subject to all rules, regulations, and conditions thereof. (b) The governing body of the Developing Alabama Youth Foundation, having made an election through a resolution as provided in subsection (a), its employees and executive officers may participate in and be entitled to all benefits of the Teachers' Retirement System of Alabama; provided, that where contributions are made from salaries paid by the Developing Alabama Youth Foundation, the Developing Alabama Youth Foundation shall pay the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-10.8.htm - 2K - Match Info - Similar pages
16-25-11.14
Section 16-25-11.14 Purchase of credit for service rendered to authorized employer. (a) Active and contributing members of the Teachers' Retirement System (TRS) or the Employees' Retirement System (ERS) may claim and purchase service credit in the system not to exceed eight years for any period of prior service while they were full-time employees of an employer who is authorized to join the TRS pursuant to Section 16-25-10.7, but has not elected to participate. The certification of any prior service claimed by the members under this section shall conform to applicable administrative rules and procedures of the TRS or ERS. Members shall receive credit for the prior service when they remit to the system the contributions required by subsection (b). Notwithstanding the foregoing, no member of the system shall receive credit for any service that the member is already credited with in the system or any other public retirement plan, with the exception of the federal Social Security program....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.14.htm - 1K - Match Info - Similar pages
31-6-6
Section 31-6-6 Educational benefits for spouses and children of partially disabled veterans; reinstatement of entitlements. (a) The spouse and children of any veteran who is suffering from 40 to 90 percent service-connected disability brought about from service in the Armed Forces of the United States, or the unmarried widow or widower and children of a deceased veteran who was suffering from 40 percent or more of service-connected disability at the time of death, provided such disabilities as are mentioned herein are incurred from military service, as established by the State Department of Veterans' Affairs, shall be entitled to the following educational advantages and opportunities: (1) The spouse or unmarried widow or widower, as the case may be, shall be entitled to up to 27 months of schooling or the equivalent of 27 months if enrolled part-time, in any Alabama state-supported institution of higher learning, college, or university, or to a prescribed course in any Alabama...
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36-27-56.1
Section 36-27-56.1 Purchase of credit for prior service as county solicitor. (a) Any vested member of any component system or fund of the Employees' Retirement System may claim and purchase up to three years' credit in his or her system or fund for up to three years of prior service which he or she rendered to any county government as a county solicitor. (b) Any vested member eligible to claim and purchase credit for prior service as a county solicitor under subsection (a), shall be awarded credit under the appropriate system or fund provided he or she pays into his or her respective retirement system or fund prior to the member's date of retirement, a sum of money equal to a percentage of the member's highest annual compensation or final average salary during the period of prior service, whichever is higher; the applicable percentage of the highest annual compensation or the final average salary, whichever is higher, shall be the sum of the prevailing percentage rates of employer and...
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45-37A-51.101
Section 45-37A-51.101 Retrospective operation. The articles and sections of this subpart comprise a retirement and relief system for officers and employees of each and every Class 1 city of the State of Alabama having a population sufficient by state statute according to the last, any preceding, or any succeeding federal census; and, subject to the provisos hereinafter in this section contained, the articles and sections comprising such system for such officers and employees of each such city, shall be read, construed, and have retrospective operation and effect as though enacted on the 26th day of January, 1937. Consistently, and subject to the provisos, every act, proceeding, and transaction heretofore had, done, accomplished, or attempted under color of any statute described in Section 45-37A-51.100 shall be construed and deemed an act had, done, accomplished, or attempted under the system, and the validity and effect thereof so measured and governed; and without limiting the...
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45-37A-51.198
Section 45-37A-51.198 Purchase of credit for prior unclassified service. (a) Any employee member having been a full-time employee in the unclassified service of the city, prior to January 1, 1989, as a common laborer for less than 10 years, shall have had the election options available under the terms of subsection (d) of Section 45-37A-51.162 and Section 45-37A-51.163 and shall have purchased time not later than May 15, 1989. In the case of reemployment of an unclassified employee, such employee with unclassified time prior to January 1, 1989, and having received a return of contributions at his or her termination of prior employment, may purchase this creditable service time as otherwise provided in Section 45-37A-51.195. The city shall pay an amount equal to the employee's total cost of purchase for prior credited service into the fund for the city's contribution for the period of service. (b) To receive credit in the system for such prior unclassified service, the employee member...
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27-15-72
Section 27-15-72 Nonforfeiture benefits. (a) In the case of policies issued on or after January 1, 1972, no policy of life insurance, except as set forth in Section 27-15-82, shall be delivered or issued for delivery in this state unless it shall contain in substance the following provisions, or corresponding provisions which, in the opinion of the commissioner, are at least as favorable to the defaulting or surrendering policyholder as are the minimum requirements specified in this section and are essentially in compliance with Section 27-15-81: (1) That, in the event of default in any premium payment, the insurer will grant, upon proper request not later than 60 days after the due date of the premium in default, a paid-up nonforfeiture benefit on a plan stipulated in the policy, effective as of such due date, of such amount as may be specified in this article. In lieu of such stipulated paid-up nonforfeiture benefit, the insurer may substitute, upon proper request not later than 60...
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