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40-2A-7
Section 40-2A-7 Uniform revenue procedures. (a) Maintenance of records; audit and subpoena
authority; authority to issue regulations. (1) In addition to all other recordkeeping requirements
otherwise set out in this title, taxpayers shall keep and maintain an accurate and complete
set of records, books, and other information sufficient to allow the department to determine
the correct amount of value or correct amount of any tax, license, permit, or fee administered
by the department, or other records or information as may be necessary for the proper administration
of any matters under the jurisdiction of the department. The books, records, and other information
shall be open and available for inspection by the department upon request at a reasonable
time and location. (2) The department may examine and audit the records, books, or other relevant
information maintained by any taxpayer or other person for the purpose of computing and determining
the correct amount of value or correct...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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40-9B-3
Section 40-9B-3 Definitions. (a) For purposes of this chapter, the following words and phrases
mean: (1) ABATE, ABATEMENT. A reduction or elimination of a taxpayer's liability for tax or
payments required to be made in lieu thereof. An abatement of transaction taxes imposed under
Chapter 23 of this title, or payments required to be made in lieu thereof, shall relieve the
seller from the obligation to collect and pay over the transaction tax as if the sale were
to a person exempt, to the extent of the abatement, from the transaction tax. (2) ALTERNATIVE
ENERGY RESOURCES. The definition given in Section 40-18-1. (3) CONSTRUCTION RELATED TRANSACTION
TAXES. The transaction taxes imposed by Chapter 23 of this title, or payments required to
be made in lieu thereof, on tangible personal property and taxable services incorporated into
an industrial development property, the cost of which may be added to capital account with
respect to the property, determined without regard to any rule which...
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25-4-51
Section 25-4-51 Rates of contributions, etc., by employers. (a) Contributions. Except as hereinafter
provided and subject to the provisions of Section 25-4-54, every employer shall pay contributions,
or payments in lieu of contributions, equal to the percentages of wages payable or paid as
hereinafter set out, with respect to employment by him. (1) With respect to employment during
calendar years after December 31, 1975, every employer who has been liable to the provisions
of this chapter during a period of time sufficient to have his rate of contribution determined
under the experience rating provisions of Section 25-4-54 shall pay contributions at the rate
prescribed thereby. (2) With respect to employment after December 31, 1975, every employer
who has not been liable to the provisions of this chapter for a sufficient length of time
to have his rate determined under the experience rating provisions of Section 25-4-54 shall
pay contributions at the rate of 2.70 percent of such wages...
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45-37-123.136
Section 45-37-123.136 Qualified Section 415(m) plan. In order to yield the maximum benefit
specified under this part, without regard to the § 415, Internal Revenue Code, limitations,
a qualified plan under § 415(m), Internal Revenue Code, shall be established by the pension
board in order to provide any additional benefit needed to, in the aggregate, yield such maximum
benefit. Any § 415(m), Internal Revenue Code, plan established by the commission or pension
board prior to the effective date of this part is hereby ratified, validated, and confirmed.
The pension board shall be authorized to establish, modify, or replace any § 415(m), Internal
Revenue Code, plan, or other plan as may hereinafter be authorized by federal law, in order
to provide any additional benefit needed to, in the aggregate, yield such maximum benefit.
(Act 2013-415, p. 1586, §2:6.7.)...
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45-49A-63.42
Section 45-49A-63.42 Restoration of retired member or other former member to service. (a) If
a member entitled to a benefit under Section 45-49A-63.60, Section 45-49A-63.61, or subsection
(a) of Section 45-49A-63.62 of the plan is restored to service as a uniformed officer, any
benefit he or she may be receiving under Subpart 4 shall cease and any election of an optional
benefit in effect shall be void. If he or she is restored to service as a uniformed officer
before he or she has a break in service exceeding one year, any service to which he or she
was entitled when he or she retired or terminated service shall be restored to him or her,
and upon his or her later retirement or termination, his or her benefit shall be based on
the benefit formula then in effect and his or her salary and service before and after his
or her break in service, reduced by an amount that is of equivalent actuarial value to the
benefits he or she received under Section 45-49A-63.60 or subsection (a) of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49A-63.42.htm - 4K - Match Info - Similar pages
26-1A-217
Section 26-1A-217 Gifts. (a) In this section, a gift "for the benefit of" a person
includes a gift to a trust, an account under the Uniform Transfers to Minors Act, and a tuition
savings account or prepaid tuition plan as defined under Internal Revenue Code Section 529,
26 U.S.C. Section 529, as amended. (b) Unless the power of attorney otherwise expressly provides,
language in a power of attorney granting general authority with respect to gifts authorizes
the agent only to: (1) make outright to, or for the benefit of, a person including the agent,
a gift of any of the principal's property, including by the exercise of a presently exercisable
general power of appointment held by the principal, in an amount per donee not to exceed the
annual dollar limits of the federal gift tax exclusion under Internal Revenue Code Section
2503(b), 26 U.S.C. Section 2503(b), as amended, without regard to whether the federal gift
tax exclusion applies to the gift, or if the principal's spouse agrees to...
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45-8A-22.123
Section 45-8A-22.123 Minimum distribution requirements. (a) In General. Benefit payments under
the plan must begin by the "required beginning date," defined as April 1 of the
calendar year following the later of: (1) The calendar year in which the participant attains
age 70 1/2, or (2) The calendar year in which the participant terminates active employment.
The participant's entire interest in the trust must be distributed, beginning no later than
the "required beginning date," over the life of the participant or the lives of
the participant and a designated beneficiary, or over a period not extending beyond the life
expectancy of the participant or the participant and designated beneficiary. (b) Participant
Dies Before Entire Interest Is Distributed. (1) Distributions Have Begun. When a participant
dies after distribution of benefits has begun, the remaining portion of the participant's
interest shall be distributed at least as rapidly as under the method of distributions prior
to the...
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27-1-17
Section 27-1-17 Limitation periods for payment of claims; overdue claims; retroactive denials,
adjustments, etc.; penalties. (a) Each insurer, health service corporation, and health benefit
plan that issues or renews any policy of accident or health insurance providing benefits for
medical or hospital expenses for its insured persons shall pay for services rendered by Alabama
health care providers within 45 calendar days upon receipt of a clean written claim or 30
calendar days upon receipt of a clean electronic claim. If the insurer, health service corporation,
or health benefit plan is denying or pending the claim, the insurer, health service corporation,
or health benefit plan shall, within 45 calendar days for a written claim and 30 calendar
days for an electronic claim, notify the health care provider or certificate holder of the
reason for denying or pending the claim and what, if any, additional information is required
to process the claim. Any undisputed portion of the claim...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-1-17.htm - 17K - Match Info - Similar pages
45-8A-22.115
Section 45-8A-22.115 Compensation for purposes of benefit calculations. (a) Compensation. For
purposes of calculating contributions to the plan in accordance with Section 45-8A-22.109
and benefits paid under the plan in accordance with Section 45-8A-22.113, Section 45-8A-22.116,
and Section 45-8A-22.119, "compensation" shall include all of the following amounts:
(1) Regular salary, including accumulated vacation pay. (2) Overtime pay. (3) Longevity pay.
(4) Comp pay. (5) Any differential wage payment, as defined in Code Section 3401(h)(2), generally
relating to military pay. Bonuses and paid accumulated sick leave, expense allowances, and
any other non-regular forms of compensation are excluded. (b) Compliance with Internal Revenue
Code Section 401(a)(17). Compensation of each participant taken into account in determining
benefit accruals in any plan year beginning after December 31, 2001, shall not exceed two
hundred thousand dollars ($200,000), or such other amount provided in the...
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