40-18-154
Section 40-18-154 Alabama Military Support Foundation, Inc. - Contribution designation. (a)
Each Alabama state individual income tax return form for the 2009 tax year and each year thereafter
shall contain a designation as follows: "Alabama Military Support Foundation, Incorporated.
"Check ( ) if you wish to designate $1, $5, $10, or more of your state income tax refund.
"If joint return, check ( ) if spouse wishes to designate $1, $5, $10 or more."
(b) Each individual taxpayer required to file a state income tax return desiring to contribute
to the Alabama Military Support Foundation, Incorporated, may designate, by placing an "X"
in the appropriate box on the state income tax form, that such contribution shall be credited
to the foundation. (c) The Department of Revenue shall determine annually the total amount
designated pursuant to subsection (b) for the commission and shall deposit such amount, less
costs of administration not to exceed 10 percent of revenue produced, to the...
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40-18-155
Section 40-18-155 Alabama Firefighters Annuity and Benefit Fund. (a) Each Alabama state individual
income tax return form for the 2010 tax year and each year thereafter shall contain a designation
as follows: "Alabama Firefighters Annuity and Benefit Fund. "Check ( ) if you wish
to designate $2 or more of your state income tax refund. "If joint return, check ( )
if spouse wishes to designate $2 or more." (b) Each individual taxpayer required to file
a state income tax return desiring to contribute to the Alabama Firefighters Annuity and Benefit
Fund, may designate, by placing an "X" in the appropriate box on the state income
tax form, that such contribution shall be credited to the foundation. (c) The Department of
Revenue shall determine annually the total amount designated pursuant to subsection (b) for
the fund and shall deposit such amount, less costs of administration not to exceed three percent
of revenue produced, to the fund. (d) The commissioner of the department is authorized...

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40-18-156
Section 40-18-156 Alabama Veterinary Medical Foundation for the Spay-Neuter Program. (a) Each
Alabama state individual income tax return form for the 2012 tax year and each year thereafter
shall contain a designation which allows each individual taxpayer to designate a contribution
to the Alabama Veterinary Medical Foundation for the Spay-Neuter Program. (b) The Department
of Revenue shall determine annually the total amount designated pursuant to subsection (a)
for the foundation and shall deposit such amount, less costs of administration not to exceed
five percent of revenue produced, to the Alabama Veterinary Medical Foundation. (c) The Commissioner
of the Department of Revenue is hereby authorized to prescribe and implement such forms, rules,
and regulations as shall be necessary to implement and administer the provisions of this section.
(Act 2012-305, p. 667, §1.)...
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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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40-18-175
Section 40-18-175 Tax imposed when passive investment income of corporation having subchapter
C earnings and profits exceeds 25 percent of gross receipts. (a) If for the taxable year an
Alabama S corporation has accumulated earnings and profits at the close of the taxable year
derived from years during which the corporation was an Alabama C corporation, and gross receipts
more than 25 percent of which are passive investment income, then there is imposed a tax on
the income of the corporation for the taxable year. The tax shall be computed by multiplying
the excess net passive income by five percent. (b) (1) For purposes of this section: a. Except
as provided in paragraph b below, the term "excess net passive income" means an
amount which bears the same ratio to the net passive income for the taxable year as (i) the
amount by which the passive investment income for the taxable year exceeds 25 percent of the
gross receipts for the taxable year, bears to (ii) the passive investment income...
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26-16-31
Section 26-16-31 (Repealed effective for tax years beginning after December 31, 2005) State
income tax refund designation program - Authorization; procedure. (a) For the tax year beginning
October 1, 1983, and until the State Treasurer certifies that the assets in the Children's
Trust Fund exceed $10,000,000, a resident individual taxpayer who files an Alabama income
tax return and who is entitled to an income tax refund from the State Department of Revenue
sufficient to make a designation under this section may designate that $5, $10, $25 or other
sum of his or her refund be credited to the Children's Trust Fund. In the case of a joint
return of husband and wife who are entitled to a tax refund sufficient to make a designation
under this section, a designation may be made in the same denominations or sums of their refund
to be credited to the Children's Trust Fund. Such designation shall be made by marking the
appropriate box, printed on the return pursuant to subsection (b) of this...
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16-60-351
Section 16-60-351 Credit for qualifying education expenses. (a)(1) For tax years commencing
January 1, 2015, and thereafter, a taxpayer who files a state income tax return and is not
a dependent of another taxpayer may claim a tax credit for a contribution made to the Department
of Postsecondary Education for qualifying educational expenses directly associated with the
Career-Technical Dual Enrollment Program as defined by State Board of Education policy. (2)
The tax credit may be claimed by the taxpayer in an amount equal to 50 percent of the total
contribution or contributions made to the Department of Postsecondary Education during the
taxable year for which the credit is claimed, but such credit is not to exceed an amount greater
than 50 percent of the taxpayer's total Alabama income tax liability, and in no case more
than five hundred thousand dollars ($500,000) for any given tax year. (3) The cumulative amount
of tax credits issued pursuant this article shall not exceed five...
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40-16-10
Section 40-16-10 Computation of net income of financial institutions. (a) In computing the
net income of financial institutions subject to the tax imposed by this chapter, there shall
be allowed, in addition to the deductions specified therein, a deduction for the sum of the
net operating losses which may be carried forward to the taxable year for which the net income
of the financial institution is being computed. (1) The term "net operating loss"
for the purposes of this chapter means the amount by which net income of the financial institution,
before the deduction allowed by this section, with respect to a taxable year is less than
zero. For purposes of this section, the financial institution's net income shall be determined
under this chapter applicable to the year in which the net operating loss arises. (2) A net
operating loss shall be carried forward to the earliest subsequent taxable year in which the
financial institution has net income greater than zero, determined without...
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40-13-6
Section 40-13-6 Distribution of tax proceeds. (a) In each fiscal year when the funds then on
deposit in the special fund or funds created for retirement of the bonds equal the amount
needed to pay all the principal and interest becoming payable on the bonds within the succeeding
12 months and the funds then on deposit in the reserve fund or funds created for the bonds
equal the maximum principal and interest becoming due on the bonds in any one year, the severance
tax proceeds remaining in the Alabama State Docks Bulk Handling Facility Trust Fund, shall
be distributed as provided herein; provided however, that if at the end of any fiscal year
of the state, beginning with the fiscal year ending September 30, 1987, the Director of the
Alabama State Docks Department shall have notified the Director of Finance in writing, at
least five days prior to the close of the fiscal year, that the revenues to be derived by
the Alabama State Docks Department from the operations of its coal handling...
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40-26B-71
Section 40-26B-71 Assessment. (a) For state fiscal years 2020, 2021, and 2022, an assessment
is imposed on each privately operated hospital in the amount of 6.00 percent of net patient
revenue in fiscal year 2017, which shall be reviewed and updated annually, subject to limitations
in this article on the use of funds in the Hospital Assessment Account. The assessment is
a cost of doing business as a privately operated hospital in the State of Alabama. Annually,
the Medicaid Agency shall make a determination of whether changes in federal law or regulation
have adversely affected hospital Medicaid reimbursement during the most recently completed
fiscal year, or a reduction in payment rates has occurred. If the agency determines that adverse
impact to hospital Medicaid reimbursement has occurred, or will occur, the agency shall report
its findings to the Chair of the House Ways and Means General Fund Committee who shall propose
an amendment to this article during any legislative session...
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