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General Provisions.
Law
Code of Alabama
Revenue and Taxation.
Income Taxes.
General Provisions.
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Section
40-18-1
Definitions.
Section
40-18-1.1
Operating Rules.
Section
40-18-2
Levied; Persons and Subjects Taxable Generally.
Section
40-18-2.1
Income of Foreign Missionary Exempt.
Section
40-18-3
Income of Officers or Agents of the United States, Etc.
Section
40-18-4
Interest or Other Income Received From Obligations of the United States or Its Possessions, Agencies or Instrumentalities.
Section
40-18-5
Tax on Individuals.
Section
40-18-6
Gain or Loss - Basis of Property; Adjusted Basis.
Section
40-18-6.1
Gain or Loss — Special Rules for Capital Gains Invested in Opportunity Zones.
Section
40-18-7
Gain or Loss - Determination of Amount.
Section
40-18-8
Gain or Loss - Recognition.
Section
40-18-8.1
Gain or Loss — Recognition of Gains Invested in Opportunity Zones.
Section
40-18-9
Gain or Loss - Optional Method for Returning as Income Increases in Redemption Value of Securities Purchased at a Discount.
Section
40-18-11
Inventory.
Section
40-18-12
Net Income of Individuals - Defined.
Section
40-18-13
Computation of Income.
Section
40-18-14
Adjusted Gross Income of Individuals.
Section
40-18-14.1
Deferred Compensation Plans.
Section
40-18-14.2
Adjusted Gross Income.
Section
40-18-14.3
Gross Income - Discount and Interest.
Section
40-18-15
Deductions for Individuals Generally.
Section
40-18-15.1
Net Income Taxable Income Defined - Generally.
Section
40-18-15.2
Net Operating Loss.
Section
40-18-15.3
Deductions for Health Insurance Premiums.
Section
40-18-15.4
Deductions for Certain Retrofitting or Upgrades to Homes - Residence in Alabama Insurance Underwriting Association Zone.
Section
40-18-15.5
Deductions for Certain Retrofitting or Upgrades to Homes - Residence in Alabama.
Section
40-18-15.6
Deductions for Contributions Made to Health Savings Accounts.
Section
40-18-15.7
Optional Increased Standard Deduction for Qualified Persons.
Section
40-18-15.8
This Section Was Assigned by the Code Commissioner in the 2021 Regular Session, Effective for Tax Years After December 1, 2021. This Is Not in the Current Code Supplement.
Section
40-18-16
Depreciation.
Section
40-18-17
Items Not Deductible.
Section
40-18-18
Amortization of War or Emergency Facilities.
Section
40-18-19
Exemptions - Generally.
Section
40-18-19.1
Exemptions for Severance, Unemployment Compensation, Etc.
Section
40-18-19.2
Exemption of Certain Death Benefit Payments for Peace Officer or Fireman Killed in Line of Duty.
Section
40-18-20
Exemptions - Military Retirement Benefits.
Section
40-18-21
Credits for Taxes Paid on Income From Sources Outside the State and for Job Development Fees.
Section
40-18-21.1
Annual Report of Credits Claimed for Taxes Paid to Foreign Countries.
Section
40-18-22
Taxpayers Engaged in Multistate Business - Allocation and Apportionment of Deductions and Exemptions.
Section
40-18-23
Taxpayers Engaged in Multistate Business - Option of Certain Taxpayers to Report and Pay Tax on Basis of Percentage of Volume.
Section
40-18-24
Taxation of Subchapter K Entity.
Section
40-18-24.1
Composite Return and Payment by Nonresident Owner of Subchapter K Entity.
Section
40-18-24.2
Taxation of Pass-Through Entities.
Section
40-18-24.3
Taxation on Distributive Share of Interest, Dividends, etc., of Nonresident Member of Qualified Investment Partnership.
Section
40-18-24.4
Alabama Electing Pass — Through Entity Tax Act.
Section
40-18-24.5
Refundable Credit for Certain Owners, Members, Partners, or Shareholders of Electing Pass-Through Entities.
Section
40-18-25
Estates and Trusts.
Section
40-18-25.1
Estates and Trusts - Exemptions.
Section
40-18-25.2
Estates and Trusts - Deductions From Gross Income of Net Operating Loss.
Section
40-18-26
Information From Source of Income.
Section
40-18-27
Individual Taxpayer's Returns; Liability of Innocent Spouse.
Section
40-18-28
Returns of Subchapter K Entities and Single Member Limited Liability Companies.
Section
40-18-29
Fiduciary Returns.
Section
40-18-30
Return When Accounting Period Changes.
Section
40-18-31
Corporate Income Tax - Generally.
Section
40-18-31.1
Election for Foreign Corporations to Classify Dividend Income From Certain Subsidiaries as Business or Nonbusiness Income.
Section
40-18-31.2
Factor Presence Nexus Standard for Business Activity.
Section
40-18-32
Corporate Income Tax - Exemptions.
Section
40-18-33
Corporate Income Tax - Taxable Income.
Section
40-18-34
Additions Required by Corporations.
Section
40-18-35
Deductions Allowed to Corporations.
Section
40-18-35.1
Carry Forward of Net Operating Losses.
Section
40-18-35.2
Deductions From Federal Taxable for Amounts Included in Income Under 26 u.s.c. § 951a, Etc.
Section
40-18-35.3
Deductions From Federal Taxable for Amounts Included in Income Under 26 u.s.c. § 118(b)(2).
Section
40-18-36
Distributions by Corporations.
Section
40-18-37
Items Not Deductible by Corporations.
Section
40-18-38
Additional Deductions Allowed for Corporations; Credits.
Section
40-18-39
Corporate Returns.
Section
40-18-39.1
Business Interest Expense Deduction Limitations.
Section
40-18-40
Tax to Be Reported on Forms; Department May Assess Additional Tax Penalty or Interest.
Section
40-18-41
Amortization of Ad Valorem Tax.
Section
40-18-42
Time and Methods of Payment of Tax.
Section
40-18-42.1
Revised Due Dates for Payments of Income Tax or Financial Institution Excise Tax.
Section
40-18-44
Installment Method.
Section
40-18-50
Penalty for Failure to Make Return Within Time Specified.
Section
40-18-51
Applicability of Lien Provisions; Disposition of Collections; Collection Prior to Delinquency.
Section
40-18-53
Inspection of Returns by Federal or Foreign State Agents.
Section
40-18-54
Supervision of Assessment and Collection.
Section
40-18-55
Statement to Be Furnished by Taxpayer.
Section
40-18-56
Furnishing Sworn Statement of Annual Return of Income to Department; Penalties for Failure to Comply; Limitations on Inspection of Taxpayer's Records.
Section
40-18-57
Rules to Be Promulgated by Department of Revenue.
Section
40-18-58
Appropriation.
Section
40-18-59
Additional Appropriations.
Section
40-18-60
Covid-19 Recovery Capital Credit Protection Act of 2021.
Section
40-18-61
This Section Was Assigned by the Code Commissioner in the 2021 Regular Session, Effective August 1, 2021. This Is Not in the Current Code Supplement.