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16-25C-4
Section 16-25C-4 Operation of board. (a) At its first meeting, the board shall elect one of
its members as chair. (b) The board may adopt regulations necessary to implement this chapter.
Regulations adopted are exempt from the Alabama Administrative Procedure Act. (c) The board
may contract with one or more entities for the daily operation and investment of funds under
this chapter. (d) The board may adopt one or more defined contribution plans as described
in Section 401 of the Internal Revenue Code if the board determines that doing so will offer
substantial tax benefits to any segment of the participants covered under this chapter. (Act
2001-704, p. 1562, §2.)...
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26-1A-216
Section 26-1A-216 Taxes. Unless the power of attorney otherwise provides, language in a power
of attorney granting general authority with respect to taxes authorizes the agent to: (1)
prepare, sign, and file federal, state, local, and foreign income, gift, payroll, property,
Federal Insurance Contributions Act, and other tax returns, claims for refunds, requests for
extension of time, petitions regarding tax matters, and any other tax-related documents, including
receipts, offers, waivers, consents, including consents and agreements under Internal Revenue
Code Section 2032A, 26 U.S.C. Section 2032A, as amended, closing agreements, and any power
of attorney required by the Internal Revenue Service or other taxing authority with respect
to a tax year upon which the statute of limitations has not run and the following 25 tax years;
(2) pay taxes due, collect refunds, post bonds, receive confidential information, and contest
deficiencies determined by the Internal Revenue Service or other...
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36-27C-4
Section 36-27C-4 Operation of board. (a) At its first meeting, the board shall elect one of
its members as chair. (b) The board may adopt regulations necessary to implement this chapter.
Regulations adopted are exempt from the Alabama Administrative Procedure Act. (c) The board
may contract with one or more entities for the daily operation and investment of funds under
this chapter. (d) The board may adopt one or more defined contribution plans as described
in Section 401 of the Internal Revenue Code if the board determines that doing so will offer
substantial tax benefits to any segment of the participants covered under this chapter. (Act
2001-704, p. 1562, §1.)...
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40-18-24
Section 40-18-24 Taxation of subchapter K entity. (a) The amount of income, deduction, gain,
loss, or credit includable or deductible by an owner of an interest in a subchapter K entity
shall be determined in accordance with subchapter K of the Internal Revenue Code, 26 U.S.C.
§§ 701-761. (b) For purposes of computing its net income, a subchapter K entity shall add
back otherwise deductible interest expenses and costs and intangible expenses and costs directly
or indirectly paid, accrued or incurred to, or in connection directly or indirectly with,
one or more direct or indirect transactions, with one or more related members, except to the
extent the subchapter K entity shows, upon request by the commissioner, that the corresponding
item of income was in the same taxable year: (1) subject to a tax based on or measured by
the related member's net income in Alabama or any other state of the United States, or (2)
subject to a tax based on or measured by the related member's net income...
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8-19A-4
Section 8-19A-4 Exemptions. The provisions of this chapter do not apply to: (1) A person engaging
in commercial telephone solicitation where the solicitation is an isolated transaction and
not done in the course of a pattern of repeated transactions of like nature. (2) A person
making calls for religious, charitable, political, educational, or other noncommercial purposes
or a person soliciting for a nonprofit corporation if that corporation is properly registered
with the Secretary of State and is included within the exemption of the Alabama Revenue Code
or Section 501(c)(3) of the Internal Revenue Code or rural electric cooperatives formed under
Chapter 6 of Title 37 of the Code of Alabama or affiliates or subsidiaries thereof. (3) A
person soliciting: a. Without the intent to complete or obtain provisional acceptance of a
sale during the telephone solicitation. b. Who does not make the major sales presentation
during the telephone solicitation. c. Without the intent to complete, and...
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26-2A-104.1
Section 26-2A-104.1 Corporations as guardians for developmentally disabled. (a) The term "developmentally
disabled" means a person whose impairment of general intellectual functioning or adaptive
behavior which is manifested before the person attains the age of 22 and results in intellectual
disability, cerebral palsy, epilepsy or autism and as defined in Public Law 98-527, the Developmental
Disabilities Assistance and Bill of Rights Act (Section 102(7)). (b) A private non-profit
corporation organized under the laws of Alabama and qualified under the Internal Revenue Code
as a 501(c)(3) tax exempt corporation as described herein is qualified for designation as
guardian for persons with developmental disabilities and who has been determined by the probate
court to need some degree of guardianship; provided that those corporations qualifying under
this section shall be governed by a board of directors which shall have no fewer than 35 percent
of its membership representing parents or...
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40-15B-4
Section 40-15B-4 Statutory apportionment of estate taxes. To the extent that apportionment
of an estate tax is not controlled by an instrument described in Section 40-15B-3 and except
as otherwise provided in Sections 40-15B-6 and 40-15B-7, the following rules apply: (1) Subject
to paragraphs (2), (3), and (4), the estate tax is apportioned ratably to each person that
has an interest in the apportionable estate. (2) A generation-skipping transfer tax incurred
on a direct skip taking effect at death is charged to the person to whom the interest in property
is transferred. (3) If property is included in the decedent's gross estate because of Section
2044 of the Internal Revenue Code of 1986 or any similar estate tax provision, the difference
between the total estate tax for which the decedent's estate is liable and the amount of estate
tax for which the decedent's estate would have been liable if the property had not been included
in the decedent's gross estate is apportioned ratably...
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45-37A-51.249
Section 45-37A-51.249 Heroes Earnings Assistance and Relief Tax Act of 2008 provisions. In
the case of a death or disability occurring on or after January 1, 2007, if a participant
dies while performing qualified military service, as defined in § 414(u), Internal Revenue
Code, the survivors of the employee are entitled to any additional benefits, other than benefit
accruals relating to the period of qualified military service, provided under the plan as
if the participant had resumed and then terminated employment on account of death. (Act 2011-585,
p. 1289, §7.)...
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40-2A-11.1
Section 40-2A-11.1 Civil penalties for unethical tax preparation conduct. (a) For purposes
of the individual income tax imposed by Chapter 18, if there is an understatement of liability
on a return that would cause a tax return preparer to be subject to the penalties imposed
by 26 U.S.C. §6694, except §6694(c), §6700, or §6701, and if any of the failures enumerated
in 26 U.S.C. §6695, except §6695(e) and (g), occurs, the department may impose upon the
tax return preparer a penalty in accordance with 26 U.S.C. §§6694(a), (b), (d), (e), and
(f); §§6695(a), (b), (c), (d), and (f); §§6696(a) and (c), §6700, and §6701, as in effect
from time to time. (b) For purposes of this section: (1) "Subject to this title"
shall be substituted for references in the specified federal statutes to "imposed by
subtitle A." (2) "Commissioner" will be substituted for references in the specified
federal statutes to "secretary." (3) References in these federal statutes to federal
district courts...
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41-10-45.1
Section 41-10-45.1 Definitions. The following words and phrases shall have the following meanings
when used in this article: (a) AUTHORITY. The State Industrial Development Authority, a public
corporation of the state, organized and existing under Articles 2, 2A, and 2B of this Chapter.
(b) DEPARTMENT. The Alabama Department of Commerce. (c) ELIGIBLE BORROWER. A municipality,
county, industrial development authority organized under Chapter 92A of Title 11, industrial
development board organized under Article 4, Chapter 54 of Title 11, or nonprofit organization
organized to foster economic development and described in Section 501(c) of the Internal Revenue
Code of 1986, as in effect from time to time. (d) ELIGIBLE EXPENSES. Expenses relating to
land acquisition, site preparation or development, building improvements, building construction,
building renovations, infrastructure, and any other real or personal property deemed necessary
or useful in connection therewith. (e) ELIGIBLE...
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