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...
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41-14A-5
Section 41-14A-5 Collateral for public deposits; general provisions. (a) Every qualified public depository shall maintain on deposit with a custodian, to be held subject to the order of the State Treasurer or the State Treasurer's designee (which may be a financial institution designated by the State Treasurer), eligible collateral having a market value equal to or in excess of the amount of collateral required under this section. (b) Each qualified public depository shall be required to pledge collateral, in accordance with procedures established by the board of directors, equal to or exceeding the greater of the following: (1) The generally applicable pledging requirement; and (2) the applicable percentage of the qualified public depository's net average daily balance of public deposits established under rules or orders adopted pursuant to subsection (c) or subsection (d) below. (c) The State Treasurer may, from time to time, in his or her discretion require that certain qualified...
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45-37-121.16
Section 45-37-121.16 Leave of absence. (a) All permanent employees who have held regular full-time positions under the jurisdiction of this section for one year and less than 12 years, shall be allowed an annual vacation with pay at the rate of one work day per month of service not to exceed 12 work days vacation; regular full-time employees with 12 years to 25 years full-time service shall be allowed an annual vacation with pay at the rate of one and one-half work days per month of service not to exceed 18 days vacation per year; and regular full-time employees with 25 years service or more shall be allowed two work days for each month of service not to exceed 24 days vacation with pay per year. Such vacation allowance shall be cumulative, not to exceed 40 work days. For the purpose of computing vacation allowance sick leave, each period of seven days, excluding holidays, shall be considered as containing five work days, irrespective of the number of days the employee would normally...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-121.16.htm - 4K - Match Info - Similar pages
45-37A-54.63
Section 45-37A-54.63 Board of directors. Such authority formed under this subpart shall constitute a public benefit agency of the State of Alabama and shall have a board of directors of nine members selected as herein provided. Such board of directors shall constitute the governing body of the authority. The members of the board of directors shall serve without compensation, except they shall be reimbursed for actual expenses incurred in and about the performance of their duties hereunder. No member of the board of directors shall be an officer of the city. The six original and their subsequent directors shall be elected by the governing body of the city, and they shall be so elected that they shall hold office for staggered terms. For the purpose of so staggering the terms, the directorships shall be numbered one through six, inclusive. The first term of office of each director shall be for a number of years corresponding to the number of the directorship which he or she holds; and,...
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16-25-111
Section 16-25-111 Cost-of-living increase to members and beneficiaries of Employees' Retirement System. (a) Commencing October 1, 1996, there is provided to certain persons identified in subsection (b) of this section who are currently receiving benefits, whose effective date of retirement was prior to October 1, 1996, for purposes of receiving benefits from the Employees' Retirement System, and to certain beneficiaries of deceased members and deceased retirees who are currently receiving survivor benefits if the effective date of retirement or death for the deceased member or retiree was prior to October 1, 1996, for purposes of receiving benefits from the Employees' Retirement System shall receive a cost-of-living increase of not less than twenty-five dollars ($25) per month and the increase shall be more if determined as follows: (1) Two percent (2%) of the current gross benefit paid to the retiree and to certain beneficiaries of deceased members and deceased retirees. (2) One...
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16-25-81
Section 16-25-81 Cost-of-living increase provided for certain retirees participating under Section 36-27-6. (a) Commencing October 1, 1993, there is provided to certain persons identified in subsection (b) of this section who are currently receiving benefits, whose effective date of retirement was prior to October 1, 1992, for purposes of receiving benefits from the Employees' Retirement System, and to certain beneficiaries of deceased members and deceased retirees who are currently receiving survivor benefits if the effective date of retirement or death for the deceased member or retiree was prior to October 1, 1992, for purposes of receiving benefits from the Employees' Retirement System, a cost-of-living increase as follows: (1) 1.28 percent of the current gross benefit paid to the retiree and to certain beneficiaries of deceased members and deceased retirees. (2) One dollar and twenty-eight cents ($1.28) per month for each year of service attained by the retiree for each retiree...
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16-25A-8
Section 16-25A-8 Funding of health insurance plan; participation; Public Education Employees' Health Insurance Fund. (a) The Public Education Employees' Health Insurance Board is hereby authorized to provide under the contract or contracts entered into under the provisions of this article an insurance benefit plan for each covered employee and, under certain conditions, retired employees; the cost of such plan may be funded in part or in full through monthly premiums per active employee from the same source of funds as those used for the payment of salaries of active members and in part from other funds. (b) On or before January 1 next preceding each regular meeting of the Legislature, the board shall certify to the Governor and to the Legislature the amount or amounts necessary to fund coverage for benefits authorized by this article for the following fiscal year for employees and for retired employees as a monthly premium per active member per month. The Legislature shall set the...
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36-27-94
Section 36-27-94 Amount of increase - Persons other than persons whose employer participated in Employees' Retirement System; certain beneficiaries. (a) Commencing October 1, 1993, each person, except those whose employer participated in the Employees' Retirement System pursuant to Sections 36-27-6, 36-27-7, and 36-27-7.1, whose effective date of retirement for purposes of receiving benefits from the Employees' Retirement System is prior to October 1, 1992, and who is receiving or is entitled to receive a monthly allowance from the Employees' Retirement System, shall receive a cost-of-living increase determined by computing the sum of the following three factors: (1) One and twenty-eight hundredths percent of the individual's current monthly benefit, including all previous increases. (2) One dollar and twenty-eight cents for each year of creditable service in covered employment prior to retirement. (3) One dollar and twenty-eight cents for each year since the effective date of...
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6-5-753
Section 6-5-753 Commencement of action. (a) All actions against a manufacturer in tort, contract, or otherwise for death or injury to person or damage to property arising out of an accident shall be commenced within two years next after a cause of action accrues, and not thereafter. Causes of action for wrongful death accrue upon the death of the testator or intestate. (b) Notwithstanding subsection (a), and except as provided in subsections (c) and (d), no action for death or injury to a person or damage to property arising out of an accident may be brought against a manufacturer if any of the following circumstances apply: (1) The accident occurred after the applicable repose period beginning on either: a. The date of delivery of the aircraft to its first purchaser or lessee, if delivered directly from the manufacturer. b. The date of first delivery of the aircraft to a person engaged in the business of selling or leasing such aircraft. (2) The accident occurred with respect to any...
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12-18-54
Section 12-18-54 Election as to withdrawal from retirement fund and refunding of contributions or receipt of certificate of time of service accumulated toward retirement upon termination of service of judge prior to eligibility for retirement benefits under article; filing of certificate as proof of time of service for retirement benefits under article upon reaching of retirement age or death of judge. Should the service of a district judge be terminated prior to the time said judge is entitled to receive retirement benefits under this article, such judge shall have the right to elect to withdraw from the Judicial Retirement Fund and to have refunded his contributions to the Judicial Retirement Fund, plus accrued interest thereon, under the same rules, regulations and rates applicable to similar refunds of contributions under the Employees' Retirement System; provided, that should such judge not elect to withdraw from the Judicial Retirement Fund he shall be entitled to receive a...
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