reglab/housing_qa huggingface dataset:
AL Code § 40-18-32 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-32 - Corporate Income Tax - Exemptions.

Section 40-18-32Corporate income tax - Exemptions.  With the exception of unrelated business taxable income determined in accordance with 26 U.S.C. § 512, the tax imposed by Section 40-18-31 shall not apply to the organizations referred to in 26 U.S.C. § 501(a), and the following entities:  (1) Farmers and other mutual hail, cyclone, or fire insurance companies, mutual ditch or irrigation companies or like organizations of a purely local character, the income of which consists solely of assessments, dues, and fees collected from members for the sole purpose of meeting expenses; (2) Farmers, fruit growers, or like associations organized and operated as sales agents for the purpose of marketing the products of members and turning back the proceeds of sales, less the necessary selling expenses, on the basis of quantity of produce furnished by them; (3) Federal land banks and national farm loan associations as provided in 12 U.S.C. § 2055; (4) All national banks and national banking associations and all corporations engaged in the business of banking and of conducting a financial business employing moneyed capital coming into competition with the business of national banks during and for the periods during which such national banks and corporations are subject to an excise tax imposed by this state on or with respect to their respective incomes; (5) Building and loan associations, substantially all the business of which is confined to making loans to members and insurance companies upon which the statutes of Alabama impose a tax upon their premium income; and (6) Counties, municipalities, municipal corporations, political subdivisions of the state, instrumentalities of counties, municipalities, municipal corporations, the State of Alabama, and corporations or associations owned solely by counties, municipalities or the State of Alabama. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §399; Acts 1985, No. 85-515, §14; Acts 1986, No. 86-375, p. 560; Act 99-664, 2nd Sp. Sess., p. 124, §1; Act 2000-702, p. 1425, §1.)
AL Code § 40-18-33 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-33 - Corporate Income Tax - Taxable Income.

Section 40-18-33Corporate income tax - Taxable income. In the case of a corporation subject to the tax imposed by Section 40-18-31, the term "taxable income" means federal taxable income without the benefit of federal net operating losses plus the additions prescribed and less the deductions and adjustments allowed by this chapter and as allocated and apportioned to Alabama. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §400; Act 98-502, p. 1083, §1; Act 99-664, 2nd Sp. Sess., p. 124, §1.)
AL Code § 40-18-34 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-34 - Additions Required by Corporations.

Section 40-18-34Additions required by corporations. The following items shall be added to federal taxable income for purposes of computing taxable income under this chapter: (a) State and local income taxes that are deductible in computing federal taxable income.  (b) Interest on obligations of state or local governments other than Alabama that is excludable from gross income for federal income tax purposes. (c) Refunds of federal income taxes deducted. (d) Dividends received from a corporation in which the taxpayer owns less than 20% of the stock (by vote and value), but only to the extent such dividends are properly deducted in computing taxable income for federal income tax purposes. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §401; Acts 1975, No. 1195, p. 2348, §1; Acts 1985, No. 85-515, §15; Act 98-502, p. 1083, §1; Act 99-664, 2nd Sp. Sess., p. 124, §1; Act 2000-702, p. 1425, §1.)
AL Code § 40-18-35.2 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-35.2 - Deductions From Federal Taxable for Amounts Included in Income Under 26 u.s.c. § 951a, Etc.

Section 40-18-35.2Deductions from federal taxable for amounts included in income under 26 U.S.C. § 951A, etc. All amounts included in income under 26 U.S.C. § 951A shall be deducted from federal taxable income for purposes of computing taxable income under this chapter. However, any amount subtracted under this section is allowed only to the extent such amount is not deductible in determining federal taxable income. As to any amount subtracted under this section, there shall be added to such taxable income all expenses deducted under any section of 26 U.S.C. on the taxpayer's return for the taxable year which are attributable, directly or indirectly, to such subtracted amount. The deduction provided by 26 U.S.C. § 250 shall apply only to the extent the same income was included in Alabama taxable income under this chapter. (Act 2021-1, §7.)
AL Code § 40-18-35.3 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-35.3 - Deductions From Federal Taxable for Amounts Included in Income Under 26 u.s.c. § 118(b)(2).

Section 40-18-35.3Deductions from federal taxable for amounts included in income under 26 U.S.C. § 118(b)(2). The amount of any contribution by the State of Alabama or any political subdivision thereof computed in accordance with 26 U.S.C. § 118(b)(2), to the extent that the amount is included in the corporation's federal taxable income pursuant to 26 U.S.C. § 118(b)(2) shall be deducted from federal taxable income for purposes of computing taxable income under this chapter. (Act 2021-1, §8.)
AL Code § 40-18-36 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-36 - Distributions by Corporations.

Section 40-18-36 Distributions by corporations. Repealed by Act 99-664, effective Dec. 31, 2000. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §403; Acts 1985, No. 85-515, §18.)
AL Code § 40-18-37 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-37 - Items Not Deductible by Corporations.

Section 40-18-37Items not deductible by corporations. In computing net income of corporations, no deduction shall in any case be allowed in respect to any of the items specified in Section 40-18-17. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §404.)
AL Code § 40-18-38 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-38 - Additional Deductions Allowed for Corporations; Credits.

Section 40-18-38Additional deductions allowed for corporations; credits. Repealed by Act 99-664, effective Dec. 31, 2000. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §405; Acts 1993, 1st Ex. Sess., No. 93-852, p. 95, §4.)
AL Code § 40-18-40 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-40 - Tax to Be Reported on Forms; Department May Assess Additional Tax Penalty or Interest.

Section 40-18-40Tax to be reported on forms; department may assess additional tax penalty or interest. The income tax provided in this chapter shall be reported on forms as prescribed by the department. The failure to receive such form from the department shall not relieve a taxpayer from liability for any tax penalty or interest otherwise due. The tax due as reported on such return shall constitute a prima facie liability for that amount. The department may compute and assess additional tax penalty or interest against a taxpayer in accordance with the procedures set forth in Chapter 2A of this title. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §407; Acts 1992, No. 92-186, p. 349, §53.)
AL Code § 40-18-41 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-41 - Amortization of Ad Valorem Tax.

Section 40-18-41Amortization of ad valorem tax. Any surplus remaining from the proceeds of the tax imposed by this chapter after providing for interest and installment annual payments or annual amortization installments on the current debts of the state as of September 30, 1932, shall be applied to the reduction of the ad valorem state tax on real and personal property. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §408.)
AL Code § 40-18-42 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-42 - Time and Methods of Payment of Tax.

Section 40-18-42Time and methods of payment of tax. (a) Time of payment for individuals. In the case of individuals, the total balance of the tax owed after credits for taxes paid through withholding as provided in Section 40-18-78, or through estimated payments as provided in Sections 40-18-82 and 40-18-83, shall be due and payable at the same time as the due date of an original return. (b) Time of payment for fiduciaries. In the case of fiduciaries, the total amount of the tax imposed by this chapter shall be paid on April 15 following the close of the calendar year or, if the return should be made on the basis of a fiscal year, then on the fifteenth day of the fourth month following the close of the fiscal year. (c) Time of payment for corporations. In the case of corporations, the balance of the tax owed after credits for taxes paid through estimated payments as provided in Section 40-18-80.1 shall be due and paid at the same time as the due date of an original return. (d) Voluntary advance payment. The tax imposed by this chapter or any estimated tax payment thereof may be paid, at the election of the taxpayer, prior to the date prescribed for its payment. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §409; Acts 1953, No. 127, p. 175; Acts 1955, 1st Ex. Sess., No. 46, p. 80, §2; Acts 1955, No. 289, p. 661, §16; Acts 1983, No. 83-741, p. 1214, §1; Act 2001-1088, 4th Sp. Sess., p. 1095, §3; Act 2016-412, §1.)
AL Code § 40-18-42.1 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-42.1 - Revised Due Dates for Payments of Income Tax or Financial Institution Excise Tax.

Section 40-18-42.1Revised due dates for payments of income tax or financial institution excise tax. (a) This section shall be known and may be cited as the David E. Scott Tax Filing Act of 2021. (b)(1) Notwithstanding anything to the contrary in Chapter 16 or this chapter, payments of income tax or financial institution excise tax originally due between April 15, 2021, and June 30, 2021, shall be due on the revised due dates for the corresponding federal payments. (2) The Department of Revenue is authorized to delay for a reasonable time period the due date for filing and payment of any tax administered by the department for taxpayers residing in areas within a state or territory of the United States for which the President of the United States or the governor of that state or territory has declared a state of emergency or disaster. (3) The department may adopt rules necessary to administer this section. (Act 2021-203, §§1,2.)
AL Code § 40-18-44 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-44 - Installment Method.

Section 40-18-44Installment method. Income arising from an installment sale (including the sale by a dealer in personal property) may be reported in accordance with 26 U.S.C. §453, provided that the amendment made to said Section 453 by the Tax Reform Act of 1984 (Pub. L. No. 98-369), adding 26 U.S.C. §453(i), shall not apply. The Department of Revenue shall prescribe regulations relating to the election to report on the installment method or not to report on the installment method. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §411; Acts 1985, No. 85-515, p. 517, §20; Acts 1990, No. 90-583, p. 988, §11.)
AL Code § 40-18-50 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-50 - Penalty for Failure to Make Return Within Time Specified.

Section 40-18-50Penalty for failure to make return within time specified. Any person or corporation, joint stock company or association liable to income tax under this chapter, which shall fail to make return as required by this chapter within the time allowed, shall be guilty of a misdemeanor and on conviction thereof shall be fined not less than $10, nor more than $1,000. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §417.)
AL Code § 40-18-51 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-51 - Applicability of Lien Provisions; Disposition of Collections; Collection Prior to Delinquency.

Section 40-18-51Applicability of lien provisions; disposition of collections; collection prior to delinquency. In every respect herein specified in this chapter, returns for the levy and collection of the taxes herein provided for shall be subject to the lien provisions of this title. All income taxes collected by the Department of Revenue shall be as soon as practicable turned over to the Treasurer and his receipt taken therefor. The Department of Revenue shall not take any action to collect any income tax before the same becomes delinquent, except in cases of emergency where delayed action might result in the loss of such taxes. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §418.)
AL Code § 40-18-53 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-53 - Inspection of Returns by Federal or Foreign State Agents.

Section 40-18-53Inspection of returns by federal or foreign state agents. All income tax returns filed under this chapter, or copies thereof on file with the State Department of Revenue, shall be open to inspection by officials or duly authorized agents of the Bureau of Internal Revenue lawfully charged with the administration or enforcement of the federal income tax law or officials or duly authorized agents lawfully charged with the administration or enforcement of the income tax laws of any state which allows the State of Alabama or its authorized officials or agents a like privilege, for the purpose of administration and enforcement of such laws, subject to the conditions hereinafter included. The inspection shall only be permitted under such rules and regulations as may be prescribed by the Commissioner of Revenue. (Acts 1951, No. 848, p. 1478; Acts 1953, No. 207, p. 275.)
AL Code § 40-18-54 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-54 - Supervision of Assessment and Collection.

Section 40-18-54Supervision of assessment and collection. The assessment and collection of the income taxes imposed by this chapter shall be under the supervision of the Department of Revenue. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §420.)
AL Code § 40-18-55 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-55 - Statement to Be Furnished by Taxpayer.

Section 40-18-55Statement to be furnished by taxpayer. Every corporation, joint stock company, or association organized under the laws of the state or organized under the laws of any other state, nation, or territory and doing business in this state, whether taxable under this chapter or not, shall furnish to the officers and employees of the state charged with the duties of carrying out the provisions of this chapter, a true and accurate statement at such times and in such manner and form and setting forth such facts as the Department of Revenue shall deem necessary to enforce the provisions of this chapter. Such statement shall be made upon oath or affirmation of the officer or employee of the corporation, joint stock company, or association best qualified to furnish the desired information. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §421.)
AL Code § 40-18-56 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|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 40-18-56Furnishing sworn statement of annual return of income to department; penalties for failure to comply; limitations on inspection of taxpayer's records. The Department of Revenue may at any time, in its discretion, require the taxpayer to furnish a sworn statement of the annual return of income made under the provisions of the act of Congress of the United States for the calendar or fiscal year in question or for the preceding calendar or fiscal year. Any person who shall willfully fail to comply with this demand shall be guilty of a misdemeanor and, on conviction thereof, shall be fined not more than $100, and may be sentenced to hard labor for the county for not more than six months, or both. No taxpayer shall be subjected to unnecessary examination or investigation, and only one inspection of a taxpayer's books or accounts shall be made for a taxable year unless the taxpayer requests otherwise or unless the Department of Revenue, after investigation, notifies the taxpayer in writing that an additional inspection is necessary, together with the reasons for such additional inspection. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §422; Acts 1992, No. 92-186, p. 349, §54.)
AL Code § 40-18-57 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-57 - Rules to Be Promulgated by Department of Revenue.

Section 40-18-57Rules to be promulgated by Department of Revenue. The Department of Revenue shall from time to time, as said department shall deem desirable, promulgate such reasonable rules and regulations governing procedure and methods of ascertaining and determining gains and income so as to conform as nearly as possible to the best accounting practice in every trade or business and as most clearly reflecting the income therefrom. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §423.)
AL Code § 40-18-58 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-58 - Appropriation.

Section 40-18-58Appropriation. There is hereby appropriated out of the proceeds of the income tax levied and collected under the provisions of this chapter to the Property Tax Relief Fund such an amount as may be necessary for the replacement of any revenues lost by reason of the exemption of homesteads from all state ad valorem taxes as provided for in this title, after provision has been made for the payment of any and all expenses incurred by the Department of Revenue in the administration of this chapter and in the collection of the taxes as provided herein; provided, that the amount of such expenses, including salary, travel, equipment, and all items of cost necessary for the enforcement of the provisions of this chapter shall be limited to the amount appropriated therefor by the Legislature in the general appropriation bill and shall be budgeted, allotted and expended pursuant to the provisions of Article 4 of Chapter 4 of Title 41. The Comptroller, with the approval of the Governor, is hereby directed to transfer out of the proceeds of the income tax levied and collected under the provisions of this chapter, after payment of the expenses in the administration of this chapter as provided herein, to the Property Tax Relief Fund such amount as may be necessary for the replacement of any revenues lost by exemption of homesteads from all state ad valorem taxes as is provided for in this title, and the residue shall be placed in the State Treasury to the credit of the Education Trust Fund to be used for the payment of public school teachers' salaries only. (Acts 1939, No. 253, p. 421; Code 1940, T. 51, §424; Acts 1951, No. 842, p. 1473.)
AL Code § 40-18-59 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-59 - Additional Appropriations.

Section 40-18-59Additional appropriations. In addition to all other appropriations heretofore or hereinafter made, there is hereby appropriated to the Department of Revenue for the fiscal year ending September 30, 2000, such amount as is reasonably required to offset its conversion costs as a first charge against the revenues from the tax levied by Act 99-664. For all subsequent years, there shall be appropriated to the Department of Revenue as a first charge against the revenues from the tax levied by Act 99-664 an amount that will offset its actual costs in the administration and regulation of this tax.  (Act 99-664, 2nd Sp. Sess., p. 124, §3.)
AL Code § 40-18-60 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 1 - General Provisions.|Section 40-18-60 - Covid-19 Recovery Capital Credit Protection Act of 2021.

Section 40-18-60COVID-19 Recovery Capital Credit Protection Act of 2021. This section shall be known and may be cited as the "COVID-19 Recovery Capital Credit Protection Act of 2021." (b) For the purposes of this section the following terms shall have the assigned meanings: (1) APPROVED PROJECT ENTITY. An entity that has filed a notice of intent with the department on or before January 1, 2016, and that has subsequently filed or will file a report of investment in project with the department to claim a capital credit under the Capital Credit Program. (2) DEPARTMENT. The Alabama Department of Revenue. (3) QUALIFYING PROJECT. A project that has been placed into service in calendar years 2019, 2020, or 2021. (c)(1) The one-year period in which to satisfy the initial employment and wage requirements for an approved project entity shall be extended to a period not to exceed two years for any otherwise qualifying project placed into service in calendar years 2019, 2020, or 2021 that have been directly affected by the COVID-19 pandemic. (2) An approved project entity's qualifying project, that fails to meet the annual employment and wage requirements for tax years beginning after December 31, 2019, but before January 1, 2022, will not be considered in the determination of disqualification from the capital credit program; provided that the COVID-19 pandemic is the primary cause of the disqualification. (3) An approved project entity shall not be subject to certain forfeiture penalties imposed on qualifying projects that fail to maintain employment and wage requirements for any tax year ending before January 1, 2022. For tax years beginning on or after January 1, 2022, the applicable forfeiture penalty shall be equal to 100 percent of the capital credits claimed in the year immediately preceding the year in which the approved project entity fails to maintain the employment and wage requirements of this section. The forfeiture percentage shall be reduced to 20 percent for each successive prior year in the five-year forfeiture period.  (d) The department shall adopt rules for the implementation and administration of this section. (Act 2021-240, §§1-3,5.)