Section 40-18-446 – (Effective for Tax Returns Due on or After January 1, 2018) Rulemaking Authority.
Section 40-18-446 (Effective for tax returns due on or after January 1, 2018) Rulemaking authority. The department shall adopt rules to assist with the implementation and enforcement of this article. (Act 2017-363, §10.)
Section 40-18-460 – Exclusion of Cares Act Relief Benefits, etc., From Alabama Individual Income Taxation and Deductions.
Section 40-18-460 Exclusion of CARES Act relief benefits, etc., from Alabama individual income taxation and deductions. (a) Any tax credits or advance refund amounts received as a result of the federal Coronavirus Aid, Relief, and Economic Security Act, as provided in 26 U.S.C. § 6428, or as a result of Section 272 of the COVID-related […]
Section 40-18-461 – Cancellation of Indebtedness Income Under Cares Act, etc., Excluded From Alabama Individual Income Taxation and Deductions.
Section 40-18-461 Cancellation of indebtedness income under CARES Act, etc., excluded from Alabama individual income taxation and deductions. (a) Any amount of cancellation of indebtedness income resulting from a loan forgiven under Section 1106 or Section 1109 of the federal Coronavirus Aid, Relief, and Economic Security Act as redesignated or amended by the Economic Aid […]
Section 40-18-462 – Amounts of Certain Loans and Grants Under Cares Act, etc., Excluded From Alabama Individual Income Taxation and Deductions.
Section 40-18-462 Amounts of certain loans and grants under CARES Act, etc., excluded from Alabama individual income taxation and deductions. (a) Any subsidy payment for covered loans as described in Section 1112(c) of the federal Coronavirus Aid, Relief, and Economic Security Act; any amounts received as Emergency EIDL Grants under Section 1110 of the federal […]
Section 40-18-417.7 – Availability of Credits.
Section 40-18-417.7 Availability of credits. The Growing Alabama Credits provided in this article shall not be available for qualifying applicants as described in this article, for which applications are not approved on or prior to July 31, 2023, unless the Legislature enacts legislation to extend the date. This shall only affect the availability of credits […]
Section 40-18-420 – (Credit Expires After 2021 Tax Year Unless extended.) Short Title.
Section 40-18-420 (Credit expires after 2021 tax year unless extended.) Short title. This article shall be known and may be cited as the Apprenticeship Tax Credit Act of 2016. (Act 2016-314, §1.)
Section 40-18-421 – (Credit Expires After 2021 Tax Year Unless extended.) Definitions.
Section 40-18-421 (Credit expires after 2021 tax year unless extended.) Definitions. For the purposes of this article, the following terms shall have the following meanings: (1) APPRENTICE. A worker at least 16 years of age, except where a higher minimum age standard is otherwise fixed by law, who is employed to learn an apprenticeable occupation […]
Section 40-18-422 – (Credit Expires After 2025 Tax Year Unless extended.) Tax Credit for Eligible Employers of Apprentices.
Section 40-18-422 (Credit expires after 2025 tax year unless extended.) Tax credit for eligible employers of apprentices. (a) For tax years beginning on or after January 1, 2017, through the tax year beginning January 1, 2019, an Alabama income tax credit is allowed for eligible employers that employ an apprentice for at least seven full […]
Section 40-18-423 – (Credit Expires After 2025 Tax Year Unless extended.) Rulemaking Authority; Annual Report.
Section 40-18-423 (Credit expires after 2025 tax year unless extended.) Rulemaking authority; annual report. (a) The Alabama Office of Apprenticeship, under the direction of the Workforce Development Division of the Department of Commerce, with the consultation of the Board of Trustees of the Alabama Community College System or its designee, may adopt any rules necessary […]
Section 40-18-424 – (Credit Expires After 2025 Tax Year Unless extended.) Duration.
Section 40-18-424 (Credit expires after 2025 tax year unless extended.) Duration. The tax credits allowed under this article shall be effective January 1, 2017, for the 2017 taxable year and shall continue through the 2025 tax year, unless extended by act of the Legislature. (Act 2016-314, p. 784, §5; Act 2019-506, §8.)