reglab/housing_qa huggingface dataset:
AL Code § 40-18-153 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 5 - Voluntary Check-Off Designations on State Income Tax Returns.|Section 40-18-153 - Alabama 4-H Club Foundation, Incorporated.

Section 40-18-153Alabama 4-H Club Foundation, Incorporated. Repealed by Act 2006-503, p. 1145, §2, effective for tax years beginning after December 31, 2005. (Act 2003-341, p. 850, §1.)
AL Code § 40-18-154 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 5 - Voluntary Check-Off Designations on State Income Tax Returns.|Section 40-18-154 - Alabama Military Support Foundation, Inc. - Contribution Designation.

Section 40-18-154Alabama Military Support Foundation, Inc. - Contribution designation. (a) Each Alabama state individual income tax return form for the 2009 tax year and each year thereafter shall contain a designation as follows: "Alabama Military Support Foundation, Incorporated. "Check ( ) if you wish to designate $1, $5, $10, or more of your state income tax refund. "If joint return, check ( ) if spouse wishes to designate $1, $5, $10 or more." (b) Each individual taxpayer required to file a state income tax return desiring to contribute to the Alabama Military Support Foundation, Incorporated, may designate, by placing an "X" in the appropriate box on the state income tax form, that such contribution shall be credited to the foundation. (c) The Department of Revenue shall determine annually the total amount designated pursuant to subsection (b) for the commission and shall deposit such amount, less costs of administration not to exceed 10 percent of revenue produced, to the Alabama Military Support Foundation, Incorporated. (d) The commissioner of the department is authorized to prescribe and implement such forms, rules, and regulations as shall be necessary to carry out the intent of this section with the approval of the Alabama Military Support Foundation, Incorporated. (Act 2009-731, p. 2183, §1.)
AL Code § 40-18-155 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 5 - Voluntary Check-Off Designations on State Income Tax Returns.|Section 40-18-155 - Alabama Firefighters Annuity and Benefit Fund.

Section 40-18-155Alabama Firefighters Annuity and Benefit Fund. (a) Each Alabama state individual income tax return form for the 2010 tax year and each year thereafter shall contain a designation as follows: "Alabama Firefighters Annuity and Benefit Fund. "Check ( ) if you wish to designate $2 or more of your state income tax refund. "If joint return, check ( ) if spouse wishes to designate $2 or more." (b) Each individual taxpayer required to file a state income tax return desiring to contribute to the Alabama Firefighters Annuity and Benefit Fund, may designate, by placing an "X" in the appropriate box on the state income tax form, that such contribution shall be credited to the foundation. (c) The Department of Revenue shall determine annually the total amount designated pursuant to subsection (b) for the fund and shall deposit such amount, less costs of administration not to exceed three percent of revenue produced, to the fund. (d) The commissioner of the department is authorized to prescribe and implement such forms, rules, and regulations as shall be necessary to carry out the intent of this section. (Act 2011-312, p. 583, §2.)
AL Code § 40-18-156 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 5 - Voluntary Check-Off Designations on State Income Tax Returns.|Section 40-18-156 - Alabama Veterinary Medical Foundation for the Spay-Neuter Program.

Section 40-18-156Alabama Veterinary Medical Foundation for the Spay-Neuter Program. (a) Each Alabama state individual income tax return form for the 2012 tax year and each year thereafter shall contain a designation which allows each individual taxpayer to designate a contribution to the Alabama Veterinary Medical Foundation for the Spay-Neuter Program. (b) The Department of Revenue shall determine annually the total amount designated pursuant to subsection (a) for the foundation and shall deposit such amount, less costs of administration not to exceed five percent of revenue produced, to the Alabama Veterinary Medical Foundation. (c) The Commissioner of the Department of Revenue is hereby authorized to prescribe and implement such forms, rules, and regulations as shall be necessary to implement and administer the provisions of this section. (Act 2012-305, p. 667, §1.)
AL Code § 40-18-157 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 5 - Voluntary Check-Off Designations on State Income Tax Returns.|Section 40-18-157 - Alabama Association of Rescue Squads.

Section 40-18-157Alabama Association of Rescue Squads. (a) A minimum annual contribution of two dollars ($2) may be voluntarily contributed to the Alabama Association of Rescue Squads on the income tax return of the contributor by indicating on a check-off box which shall be provided. The check-off shall be described as the "Alabama Association of Rescue Squads." If a taxpayer voluntarily indicates, two dollars ($2) or more may be deducted from his or her income tax refund and shall be paid to the appropriate person or authority administering the association. (b) The net amount of all contributions shall be remitted by the person or authority collecting the amount to the executive director of the association on the tenth day of each month next succeeding that in which the contribution is paid. (c) Each Alabama state individual income tax return form for the 2012 tax year and each year thereafter shall contain a designation as follows: "Alabama Association of Rescue Squads. "Check ( ) if you wish to designate $2 or more of your state income tax refund. "If joint return, check ( ) if spouse wishes to designate $2 or more." (d) Each individual taxpayer required to file a state income tax return desiring to contribute to the Alabama Association of Rescue Squads may designate, by placing an "X" in the appropriate box on the state income tax form, that such contribution shall be credited to the association. (e) The Department of Revenue shall determine annually the total amount designated pursuant to subsection (d) for the association and shall deposit the amount, less costs of administration not to exceed three percent of revenue produced, to the fund. (f) The commissioner of the department is authorized to prescribe and implement such forms, rules, and regulations as shall be necessary to carry out the intent of this section. (Act 2012-543, p. 1612, §§1, 2.)
AL Code § 40-18-160 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 6 - Alabama S Corporations.|Section 40-18-160 - General Provisions.

Section 40-18-160General provisions. (a) An Alabama S corporation shall not be subject to the tax imposed by Section 40-18-31. (b) For purposes of this chapter, an "Alabama S corporation" is a corporation: (1) With respect to which an election under 26 U.S.C. §1362 is in effect; or  (2)a. With respect to which there is in effect an election under 26 U.S.C. §1361(b)(3) to treat such corporation as a qualified subchapter S subsidiary; and b. All the stock of which is owned by an S corporation qualifying as an "Alabama S corporation" under subdivision (b)(1). No corporation shall be an Alabama S corporation for any portion of a taxable year of the corporation during which an election under 26 U.S.C. §1362 or §1361(b)(3), whichever is applicable, is not in effect for federal income tax purposes. No corporation shall be an Alabama S corporation if it is a financial institution, as defined in Section 40-16-1. (c) For purposes of this chapter, an "Alabama C corporation" means any corporation other than an Alabama S corporation. (d) With respect to a qualified subchapter S subsidiary for which there is in effect an election under 26 U.S.C. § 1361 (b)(3), all of its assets, liabilities, and items of income, deductions, and credit shall be treated as assets, liabilities, and such items, as the case may be, of the Alabama S corporation owning the stock of the qualified subchapter S subsidiary. (Code 1975, §40-14-90; Acts 1984, 1st Ex. Sess., No. 84-756, p. 121, §1; Acts 1985, No. 85-515, §3; Acts 1989, No. 89-837, p. 1671, §1; Acts 1997, No. 97-625, p. 1048, §3; Act 99-314, p. 423, §1.)
AL Code § 40-18-163 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 6 - Alabama S Corporations.|Section 40-18-163 - Adjustments for Services Rendered or Capital Furnished by Spouse, etc., of Shareholder or Beneficiary.

Section 40-18-163Adjustments for services rendered or capital furnished by spouse, etc., of shareholder or beneficiary. If an individual who is the spouse or lineal descendant or ancestor of one or more shareholders of an Alabama S corporation or who is a spouse, a lineal descendant or ancestor of a beneficiary of a trust which is a shareholder of an Alabama S corporation renders services for the corporation or furnishes capital to the corporation without receiving reasonable compensation therefor, the Department of Revenue shall make such adjustments in the items taken into account by such individual and such shareholders as may be necessary in order to reflect the value of such services or capital. (Code 1975, §40-14-93; Acts 1984, 1st Ex. Sess., No. 84-756, p. 121, §4.)
AL Code § 40-18-165 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 6 - Alabama S Corporations.|Section 40-18-165 - Distribution of Property Generally.

Section 40-18-165Distribution of property generally. (a) A distribution of property made by an Alabama S corporation with respect to its stock to which, but for this article, Section 40-18-36 would apply shall be treated in the manner provided in subsection (b) or (c) of this section, whichever applies. (b) In the case of a distribution described in subsection (a) of this section by an Alabama S corporation which has no accumulated earnings and profits: (1) The distribution shall not be included in gross income to the extent that it does not exceed the adjusted basis of the stock. (2) If the amount of the distribution exceeds the adjusted basis of the stock, such excess shall be treated as gain from the sale or exchange of property. (c) In the case of a distribution described in subsection (a) of this section by an Alabama S corporation which has accumulated earnings and profits: (1) That portion of the distribution which does not exceed the accumulated adjustments account shall be treated in the manner provided by subsection (b) of this section. (2) That portion of the distribution which remains after the application of subdivision (c)(1) of this section shall be treated as a dividend to the extent it does not exceed the accumulated earnings and profits of the Alabama S corporation. (3) Any portion of the distribution remaining after the application of subdivision (2) of this subsection (c) of this section shall be treated in the manner provided by subsection (b) of this section. Except to the extent provided in regulations, if the distributions during the taxable year exceed the amount in the accumulated adjustments account at the close of the taxable year, for purposes of this subsection, the balance of such account shall be allocated among such distributions in proportion to their respective sizes. (d) Subsections (b) and (c) of this section shall be applied by taking into account to the extent proper: (1) The adjustments to the basis of the shareholder's stock described in Section 40-18-164, and (2) The adjustments to the accumulated adjustments account which are required by Section 40-18-166. (e) In the case of any distribution made during any taxable year, the adjusted basis of the stock shall be determined with regard to the adjustments provided in subsection (a) of Section 40-18-164 for the taxable year. (Code 1975, §40-14-95; Acts 1984, 1st Ex. Sess., No. 84-756, p. 121, §6; Acts 1989, No. 89-837, p. 1671, §5; Acts 1997, No. 97-625, p. 1048, §3.)
AL Code § 40-18-166 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 6 - Alabama S Corporations.|Section 40-18-166 - "Accumulated Adjustments Account" Defined; Application Generally; "S Period" Defined; Applicability of Subdivision (C)(1) of Section 40-18-165 to Certain Distributions; "Affected Shareholder" Defined.

Section 40-18-166"Accumulated adjustments account" defined; application generally; "S period" defined; applicability of subdivision (c)(1) of Section 40-18-165 to certain distributions; "affected shareholder" defined. (a)(1) Except as provided in subsection (b), for purposes of this article, the term "accumulated adjustments account" means an account of the Alabama S corporation which is adjusted for the S period in a manner similar to the adjustments under Section 40-18-164 hereof including subdivision (4) of subsection (c), except that no adjustment shall be made for income and related expenses which are exempt from tax under this chapter and the phrase "but not below zero" shall be disregarded in Section 40-18-164(c)(2)a. (2) In the case of any redemption which is treated as an exchange under Section 40-18-36, the adjustment in the accumulated adjustments account shall be an amount which bears the same ratio to the balance in the account as the number of shares redeemed in such redemption bears to the number of shares of stock in the corporation immediately before the redemption. (3) In applying this section to distributions during any taxable year, the amount of the accumulated adjustments account as of the close of the taxable year shall be determined without regard to any net negative adjustment for the taxable year. The term "net negative adjustment" means, with respect to any taxable year, the excess, if any, of the reductions in the account for the taxable year, other than for distributions, over the increases in such account for the taxable year. (4) For purposes of this article, the term "S period" means the most recent continuous period during which the corporation has been an Alabama S corporation. The period shall not include any taxable year beginning before January 1, 1985. (b) An Alabama S corporation may, with the consent of all of its affected shareholders, elect to have subdivision (1) of subsection (c) of Section 40-18-165 not apply to all distributions made during the taxable year for which the election is made. For purposes of this subsection, the term "affected shareholder" means any shareholder to whom a distribution is made by the Alabama S corporation during the taxable year. (Code 1975, §40-14-96; Acts 1984, 1st Ex. Sess., No. 84-756, p. 121, §7; Acts 1989, No. 89-837, p. 1671, §6; Acts 1997, No. 97-625, p. 1048, §3.)
AL Code § 40-18-167 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 6 - Alabama S Corporations.|Section 40-18-167 - Applicability of Chapter.

Section 40-18-167Applicability of chapter. Except to the extent inconsistent with this article, the rules of Article 1 of this chapter shall apply to an Alabama S corporation and its shareholders. (Code 1975, §40-14-97; Acts 1984, 1st Ex. Sess., No. 84-756, p. 121, §8; Acts 1997, No. 97-625, p. 1048, §3.)
AL Code § 40-18-168 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 6 - Alabama S Corporations.|Section 40-18-168 - "Carryforward" and "Carryback" Provisions.

Section 40-18-168"Carryforward" and "carryback" provisions. No carryforward and no carryback arising for a taxable year for which a corporation is not an Alabama S corporation may be carried to a taxable year which such corporation is an Alabama S corporation. No carryforward and no carryback shall arise at the corporate level for a taxable year for which a corporation is an Alabama S corporation. Nothing in this section shall prevent treating a taxable year for which a corporation is an Alabama S corporation as a taxable year for purposes of determining the number of taxable years to which an item may be carried back or carried forward. (Code 1975, §40-14-98; Acts 1984, 1st Ex. Sess., No. 84-756, p. 121, §9.)
AL Code § 40-18-169 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 6 - Alabama S Corporations.|Section 40-18-169 - Adjustments to Earnings and Profits.

Section 40-18-169Adjustments to earnings and profits. (a) Except as provided in subsections (b) and (c) of this section, no adjustment shall be made to the earnings and profits of an Alabama S corporation. (b) In the case of any transaction involving redemption, liquidation, reorganization or division of any Alabama S corporation, proper adjustment to any accumulated earnings and profits of the corporation shall be made. (c) Subsection (a) of this section shall not apply with respect to that portion of a distribution which is treated as a dividend under subdivision (2) of subsection (c) of Section 40-18-165. (d) Any distribution of money by a corporation with respect to its stock during a post-termination transition period shall be applied against and reduce the adjusted basis of the stock, to the extent that the amount of the distribution does not exceed the accumulated adjustments account. An Alabama S corporation may elect to have the first sentence of this subsection not apply to all distributions made during a post-termination transition period described in Section 40-18-172 but only if all the shareholders of the Alabama S corporation to whom distributions are made by the Alabama S corporation during such post-termination transition period consent to such election. (Code 1975, §40-14-99; Acts 1984, 1st Ex. Sess., No. 84-756, p. 121, §10; Acts 1989, No. 89-837, p. 1671, §7.)
AL Code § 40-18-170 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 6 - Alabama S Corporations.|Section 40-18-170 - Circumstances Under Which Corporation Treated as Partnership; "Two-Percent Shareholder" Defined.

Section 40-18-170Circumstances under which corporation treated as partnership; "two-percent shareholder" defined. For purposes of applying the provisions of this chapter which relate to employee fringe benefits, the Alabama S corporation shall be treated as a partnership, and any two-percent shareholder of the Alabama S corporation shall be treated as a partner of such partnership. The term "two-percent shareholder" means any person who owns, or is considered as owning in accordance with 26 U.S.C. §318, as in effect from time to time, on any day during the taxable year of the Alabama S corporation more than two percent of the outstanding stock of such corporation or stock possessing more than two percent of the total combined voting power of all stock of such corporation. (Code 1975, §40-14-100; Acts 1984, 1st Ex. Sess., No. 84-756, p. 121, §11; Acts 1989, No. 89-837, p. 1671, §8.)
AL Code § 40-18-171 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 6 - Alabama S Corporations.|Section 40-18-171 - Determination of Shareholder's Pro Rata Share; "Affected Shareholders" Defined.

Section 40-18-171Determination of shareholder's pro rata share; "affected shareholders" defined. (a) For purposes of this article, except as provided in subsection (b), each shareholder's pro rata share of any item for any taxable year shall be the sum of the amounts determined with respect to the shareholder by assigning an equal portion of the item to each day of the taxable year, and then by dividing that portion pro rata among the shares outstanding on the day. (b) Under regulations prescribed by the Department of Revenue, if any shareholder terminates his or her interest in the corporation during the taxable year and all affected shareholders and the corporation agree to the application of this subsection, subsection (a) of this section shall be applied to the affected shareholders as if the taxable year consisted of two taxable years the first of which ends on the date of the termination. (c) For purposes of subsection (b), the term "affected shareholders" means the shareholder whose interest is terminated and all shareholders to whom such shareholder has transferred shares during the taxable year. If such shareholder has transferred shares to the corporation, the term "affected shareholders" shall include all persons who are shareholders during the taxable year. (Code 1975, §40-14-101; Acts 1984, 1st Ex. Sess., No. 84-756, p. 121, §12; Acts 1997, No. 97-625, p. 1048, §3.)
AL Code § 40-18-172 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 6 - Alabama S Corporations.|Section 40-18-172 - "Post-Termination Transition Period" and "Determination" Defined.

Section 40-18-172"Post-termination transition period" and "determination" defined. (a) For purposes of this article, the term "post-termination transition period" means: (1) The period beginning on the day after the last day of the corporation's last taxable year as an Alabama S corporation and ending on the later of: a. The day which is one year after the last day. b. The due date for filing the return for the last year as an Alabama S corporation, including extensions. (2) The 120-day period beginning on the date of a determination pursuant to an audit of the taxpayer which follows the termination of the corporation's election to be treated as a federal S corporation and which adjusts a subchapter S item of income, loss, or deduction of the corporation arising during the S period. (3) The 120-day period beginning on the date of a determination that the corporation's election under 26 U.S.C. § 1362 had terminated for a previous taxable year. (b) For purposes of subsection (a), the term "determination" means: (1) A determination as defined in 26 U.S.C. § 1313(a); or (2) An agreement between the corporation and the U.S. Secretary of the Treasury that the corporation failed to qualify as an S corporation. (Code 1975, §40-14-102; Acts 1984, 1st Ex. Sess., No. 84-756, p. 121, §13; Acts 1997, No. 97-625, p. 1048, §3.)
AL Code § 40-18-173 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 6 - Alabama S Corporations.|Section 40-18-173 - Interpretation of Article Generally.

Section 40-18-173Interpretation of article generally. Due consideration shall be given in the interpretation of this article to applicable sections of the U.S. Internal Revenue Code in effect from time to time, its rulings and regulations provided such Code, rulings, and regulations are not in direct conflict with any portion of this article. (Code 1975, §40-14-103; Acts 1984, 1st Ex. Sess., No. 84-756, p. 121, §14.)