Section 26-16-30 Creation of fund; purpose; investment; disposition. (a) The Children’s Trust Fund is created as a separate fund in the State Treasury. The function of the Children’s Trust Fund shall be to serve as a permanent trust pursuant to Section 26-16-8, and as an investment account for the earnings and funds received by the […]
Section 26-16-31 (Repealed effective for tax years beginning after December 31, 2005) State income tax refund designation program – Authorization; procedure. (a) For the tax year beginning October 1, 1983, and until the State Treasurer certifies that the assets in the Children’s Trust Fund exceed $10,000,000, a resident individual taxpayer who files an Alabama income […]
Section 26-16-32 State income tax refund designation program – Disposition of contributions. (a) Each year that the refund designation program established in Section 26-16-31(a), above, is in effect, the Commissioner of the Department of Revenue shall transfer to the Children’s Trust Fund an amount equal to the total amount designated by individuals to be paid […]
Section 26-16-33 General repealer; construction of article. All laws or parts of laws which conflict with this article are hereby repealed except that no part of this article shall be construed to authorize any board, person, or entity to assume the duties and responsibilities of any other state agencies or to repeal or preempt or […]
