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 40-18-422 – (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.)
Section 40-18-440 – (Effective for Tax Returns Due on or After January 1, 2018) Short Title.
Section 40-18-440 (Effective for tax returns due on or after January 1, 2018) Short title. This article shall be known and may be cited as the “Alabama Taxpayer Protection and Assistance Act.” (Act 2017-363, §1.)
Section 40-18-441 – (Effective for Tax Returns Due on or After January 1, 2018) Purpose.
Section 40-18-441 (Effective for tax returns due on or after January 1, 2018) Purpose. The Alabama Taxpayer Protection and Assistance Act is enacted to protect consumers by establishing a mechanism to ensure that qualified individuals provide tax preparation services in Alabama. (Act 2017-363, §2.)
Section 40-18-416 – (Per Section 40-18-416, This Section Is Repealed Following the Close of Fiscal Year 2020) Repeal of Article.
Section 40-18-416 (Per Section 40-18-416, this section is repealed following the close of fiscal year 2020) Repeal of article. THIS SECTION WAS REPEALED IN THE 2021 REGULAR This article shall be repealed following the close of fiscal year 2020, but the repeal shall not cause a reduction or suspension of any credits awarded for fiscal […]