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19-5-1
Section 19-5-1 Definitions. For purposes of this chapter unless the context otherwise requires,
the following terms mean: (1) FIDUCIARY. Includes a personal representative or trustee. (2)
PERSONAL REPRESENTATIVE. An executor, administrator, special administrator, or a person who
performs substantially the same function under the law governing the person's status, and
a successor to any of the above. (3) TRUST. Any express trust, with additions thereto, wherever
and however created, or any separate share of a trust, and includes any arrangement, other
than an estate, which, although not a trust, has substantially the same effect as a trust.
(4) TRUSTEE. An original, additional, or successor trustee, whether or not appointed or confirmed
by a court, and, in the case of an arrangement which is not a trust but which is treated as
a trust for purposes of the GST, includes the person in actual or constructive possession
of the property subject to such arrangement. (5) INTERNAL REVENUE CODE....
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28-3A-1.5
Section 28-3A-1.5 Nonprofit special events retail license. (a) Definitions. As used in this
section and Section 28-3A-6, the following words shall have the following meanings: (1) NONPROFIT
SPECIAL EVENTS RETAIL LICENSE. A license issued pursuant to subsection (b) for the sale of
beer, wine, or liquor. (2) QUALIFYING ORGANIZATION. A bona fide nonprofit organization operating
in the state that satisfies all of the following requirements: a. Operates without profit
to the organization's members. b. Is exempt from taxation under Section 501 of the Internal
Revenue Code. c. Satisfies at least one of the following requirements: 1. Has been continuously
in existence in the state for a minimum of three years. 2. Is affiliated with a parent organization
that has been in existence in the state for a minimum of three years. 3. Has reorganized and
is continuing its mission under a new name on file with the Secretary of State and with a
new tax identification number after having satisfied the...
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41-23-252
Section 41-23-252 Definitions. For the purpose of this article, the following words and phrases
shall have the following meanings: (1) ADECA. The Alabama Department of Economic and Community
Affairs. (2) ALABAMA RESEARCH ENTITY. One or more of the following: a. A public or private
university in the state. b. A university research foundation affiliated with a public or private
university in the state. c. A public two-year college in the state. d. A publicly owned hospital
in the state. e. An entity duly formed, domiciled, or qualified to do business in the state
that meets each of the following criteria: 1. Is exempt from federal income tax under Section
501(c)(3) of the Internal Revenue Code of 1986, as amended. 2. Is predominantly engaged in
research and non-commercial development activities undertaken for the purpose of discovering
information that is technological or biotechnological in nature, involves a process of experimentation,
and the application of which is intended to be...
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8-1-4
Section 8-1-4 Reimbursement for certain federal manufacturer's excise taxes; option to tender
payment one business day before remittance due to Internal Revenue Service; notification and
security; applicability. (a) A party to a contract required to reimburse another party to
the contract for the federal manufacturer's excise tax levied pursuant to Sections 4081 to
4083, inclusive, and Section 4091 of Title 26 of the United States Code, whether as a separate
item or as a part of the price, may tender payment for the taxes one business day prior to
the time that the other party is required to remit the taxes to the United States Internal
Revenue Service. (b) If a party elects to make payment pursuant to subsection (a), the party
to which the payment is owed may demand security for the payment of the taxes in proportion
to the amount the taxes represent compared to the security demanded on the contract as a whole.
The other party may not change the payment terms of the contract without a...
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11-54B-8
Section 11-54B-8 Costs of supplemental services; assessment of classes; exemptions. (a) A self-help
business improvement district ordinance shall provide that all costs of the supplemental services
provided in a business improvement district will be financed through the levy of a special
assessment on the owners of the real property located within the geographical area of the
district and shall designate the method set forth in the plan as the method which will be
used to determine the amount of such special assessment in a manner which fairly and equitably
distributes the burden of financing the supplemental services among the real property owners
in the district. Such ordinance shall list and describe, by metes and bounds, by lot and block
numbers, or by street addresses, all real properties against which the special assessment
will be made to fund such supplemental services. (b) The board of directors of the district
management corporation, in its sole discretion, may assess classes...
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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...
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40-18-1.1
Section 40-18-1.1 Operating rules. (a) For purposes of this chapter, the statement that gain,
loss, income, basis, earnings and profits, or any other item shall be determined in accordance
with a specified section or sections of Title 26 United States Code (26 U.S.C.) or a specified
federal public law (Pub. L. or P.L.) means that the principles set forth in such specified
section or sections and the computations required by such section or sections shall be applied
for purposes of this chapter, but shall be applied to the amounts of gain, loss, income, basis,
earnings, and profits or other items determined for purposes of this chapter and not to such
items for federal income tax purposes. (b) The Legislature hereby finds and declares that
the adoption by this state for its personal and corporate income tax purposes of certain provisions
of the laws of the United States relating to the determination of income for federal income
tax purposes will (1) simplify preparation of state income...
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40-18-174
Section 40-18-174 Tax imposed on certain built-in gains. (a) If for any taxable year beginning
in the recognition period an Alabama S corporation has a net recognized built-in gain, there
is hereby imposed a tax (computed under subsection (b)) on the income of such corporation
for such taxable year. (b)(1) The amount of the tax imposed by subsection (a) shall be computed
by multiplying five percent by the net recognized built-in gain of the Alabama S corporation
for the taxable year. (2) Notwithstanding Section 40-18-168, any net operating loss carryforward
which would be deductible except for Section 40-18-168 and which arose in a taxable year for
which the corporation was not an Alabama S corporation, shall be allowed as a deduction against
the net recognized built-in gain of the Alabama S corporation for the taxable year. For purposes
of determining the amount of any such loss which may be carried to subsequent taxable years,
the net recognized built-in gain shall be treated as...
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43-8-226
Section 43-8-226 Specific devise of securities; change in securities; accessions; nonademption.
(a) If the testator intended a specific devise of certain securities rather than the equivalent
value thereof, the specific devisee is entitled only to: (1) As much of the devised securities
as is a part of the estate at time of the testator's death; (2) Any additional or other securities
of the same entity derived from the securities specifically devised and owned by the testator
by reason of action initiated by the entity excluding any acquired by exercise of purchase
options; (3) Securities of another entity derived from the securities specifically devised
and owned by the testator as a result of a merger, consolidation, reorganization or other
similar action initiated by the entity; and (4) Any additional securities of the entity owned
by the testator as a result of a plan of reinvestment if it is a regulated investment company,
which is defined in section 851 of the Federal Internal...
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13A-12-76
Section 13A-12-76 Bona fide coin-operated amusement machines. (a) Sections 13A-12-70 to 13A-12-75,
inclusive, shall not apply to a coin-operated game or device designed and manufactured for
bona fide amusement purposes which, by application of some skill, only entitles the player
to replay the game or device at no additional cost if a single play of the bona fide coin-operated
amusement machine or device can reach no more than 25 free replays or can be discharged of
accumulated free replay, or rewards the player exclusively with merchandise limited to noncash
merchandise, prizes, toys, gift certificates, or novelties, each of which has a wholesale
value of not more than five dollars ($5). This subsection shall not apply to any game or device
classified by the United States government as requiring a federal gaming tax stamp under applicable
provisions of the Internal Revenue Code. (b) Any person who gives to any other person money
or anything of value for free replays on coin-operated...
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