Code of Alabama
Chapter 18 - Income Taxes.
Article 6 - Alabama S Corporations.

Section 40-18-160 - General Provisions. - (a) An Alabama S corporation shall not be subject to...

Section 40-18-161 - Determination of Taxable Income. - (a) The taxable income of an Alabama S corporation shall...

Section 40-18-162 - Determination of Tax of Shareholder. - (a) In determining the tax of a shareholder for the...

Section 40-18-163 - Adjustments for Services Rendered or Capital Furnished by Spouse, etc., of Shareholder or Beneficiary. - If an individual who is the spouse or lineal descendant...

Section 40-18-164 - Increase or Decrease in Basis of Shareholder's Stock; Special Rules. - (a) The basis of each shareholder's stock in an Alabama...

Section 40-18-165 - Distribution of Property Generally. - (a) A distribution of property made by an Alabama S...

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...

Section 40-18-167 - Applicability of Chapter. - Except to the extent inconsistent with this article, the rules...

Section 40-18-168 - "Carryforward" and "Carryback" Provisions. - No carryforward and no carryback arising for a taxable year...

Section 40-18-169 - Adjustments to Earnings and Profits. - (a) Except as provided in subsections (b) and (c) of...

Section 40-18-170 - Circumstances Under Which Corporation Treated as Partnership; "Two-Percent Shareholder" Defined. - For purposes of applying the provisions of this chapter which...

Section 40-18-171 - Determination of Shareholder's Pro Rata Share; "Affected Shareholders" Defined. - (a) For purposes of this article, except as provided in...

Section 40-18-172 - "Post-Termination Transition Period" and "Determination" Defined. - (a) For purposes of this article, the term "post-termination transition...

Section 40-18-173 - Interpretation of Article Generally. - Due consideration shall be given in the interpretation of this...

Section 40-18-174 - Tax Imposed on Certain Built-in Gains. - (a) If for any taxable year beginning in the recognition...

Section 40-18-175 - Tax Imposed When Passive Investment Income of Corporation Having Subchapter C Earnings and Profits Exceeds 25 Percent of Gross Receipts. - (a) If for the taxable year an Alabama S corporation...

Section 40-18-176 - Nonresident Shareholder Composite Returns. - (a) The Department of Revenue shall permit an Alabama S...