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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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40-14A-25
Section 40-14A-25 Filing of returns. (a) Every taxpayer shall file a privilege tax return,
which shall include the public record disclosures required by Section 10-2B-16.22, with the
department for every taxable year for which it is subject to the tax levied by this article.
A disregarded entity that is owned by an individual, general partnership, or other entity
not subject to the tax levied by this article shall file a return and pay the tax levied on
it by this article. Except as provided in Section 40-14A-22(f) (4), the return required by
this section is due no later than the corresponding federal income tax return as required
to be filed as provided under federal law. In the case of a taxpayer's initial return, two
and one half months after the taxpayer comes into existence, qualifies or registers to do
business, or commences doing business in Alabama as the case may be. A disregarded entity
that is required to file a return by this section shall file the return not later than the...
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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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45-23-141.03
Section 45-23-141.03 Fee - Exemptions. Any person age 65 or over exempted from paying property
tax in Dale County, in partial or in whole, shall also be exempted from paying the fee levied
by this part. Any person less than the age of 65 and having an annual adjusted gross income
of twelve thousand dollars ($12,000) or less, as shown on the person's and spouse's latest
United States income tax return, may apply for an exemption annually and shall be exempted
from paying the fee levied by this part for the principle residence of the household, provided
the person seeking to claim the exemption shall present proof of income to the county administrator
no later than July 1 of any year in which the exemption is desired. In the event that such
person and spouse are not required to file a United States income tax return, then an affidavit
indicating that the annual gross income of such person and spouse for the preceding taxable
year was twelve thousand dollars ($12,000) or less shall be...
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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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40-18-9
Section 40-18-9 Gain or loss - Optional method for returning as income increases in redemption
value of securities purchased at a discount. If, in the case of a taxpayer owning any noninterest-bearing
obligation issued at a discount and redeemable for fixed amounts increasing at stated intervals,
the increase in the redemption price of such obligation occurring in the taxable year does
not, under the method of accounting used in computing his net income, constitute income to
him in such year, such taxpayer may, at his election made in his return for any taxable year
beginning after December 31, 1942, treat such increase as income received in such taxable
year. If any such election is made with respect to any such obligation it shall apply also
to all such obligations owned by the taxpayer at the beginning of the first taxable year to
which it applies and to all such obligations thereafter acquired by him and shall be binding
for all subsequent taxable years, unless upon application by...
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25-4-152
Section 25-4-152 Deduction of child support obligations; procedures; reimbursement for administrative
costs; time of implementation; deduction of federal income tax. (a) (1) An individual filing
a claim for unemployment compensation shall, at the time of filing such claim, disclose whether
or not the individual owes child support obligations as defined under subdivision (7). If
any such individual discloses that he or she owes child support obligations, and is determined
to be eligible for unemployment compensation, the secretary shall notify the state or local
child support enforcement agency enforcing such obligation that the individual has been determined
to be eligible for unemployment compensation. (2) The secretary shall deduct and withhold
from any unemployment compensation payable to an individual who owes child support obligations
as defined under subdivision (7). a. The amount specified by the individual to the secretary
to be deducted and withheld under this subdivision, if...
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40-18-25.2
Section 40-18-25.2 Estates and trusts - Deductions from gross income of net operating loss.
(a) Nothing in Act 2006-114 shall be construed to change or otherwise affect a taxpayer's
liability relating to a tax year beginning prior to the effective date of Act 2006-114. (b)
Should: (1) any trust which is described in Section 40-18-25(b), or (2) any business trust,
as such term is defined in Section 40-18-1(1), which is classified as a disregarded entity
for federal income tax purposes, be taxed separately from its owner or owners during tax years
prior to the effective date of Act 2006-114, any net operating loss of such trust existing
on December 31, 2004, shall be allowed as a deduction from the gross income, or net income,
of the owner or owners of the trust in a tax year beginning after December 31, 2004. (c) The
deduction allowed in subsection (b) to the owner or owners of the trust shall be in an amount
not to exceed the greater of the following amounts: (1) the amount which is...
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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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40-18-2
Section 40-18-2 Levied; persons and subjects taxable generally. (a) In addition to all other
taxes now imposed by law, there is hereby levied and imposed a tax on the taxable income,
as defined in this chapter, which tax shall be assessed, collected, and paid annually at the
rate specified herein and for each taxable year as hereinafter provided. Persons and subjects
taxable under this chapter are: (1) Every individual residing in Alabama. (2) Every corporation
domiciled in Alabama or licensed or qualified to transact business in Alabama. (3) Every corporation
doing business in Alabama or deriving income from sources within Alabama, including income
from property located in Alabama. (4) Every nonresident estate or nonresident trust receiving
income from property owned or business transacted in Alabama. (5) Every resident estate and
resident trust. (6) Every nonresident individual receiving income from property owned or business
transacted in Alabama. (b) Every natural person domiciled...
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