Code of Alabama
Article 4 - Exemptions.
Section 40-14A-41 - Applicability to Certain Entities Organized Before January 1, 1999.

The taxes levied by this chapter shall not apply to any entity that was organized before January 1, 1999, was not subject to the franchise tax levied by former Chapter 14 of this title, and is entitled, pursuant to a contract entered into before January 1, 1999, to be indemnified for taxes upon net worth resulting from transactions or activities contemplated in the contract.

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Structure Code of Alabama

Code of Alabama

Title 40 - Revenue and Taxation.

Chapter 14A - Alabama Business Privilege and Corporation Shares Tax of 1999.

Article 4 - Exemptions.

Section 40-14A-41 - Applicability to Certain Entities Organized Before January 1, 1999.

Section 40-14A-42 - Applicability to Certain Corporations Under Contract With Department of Economic and Community Affairs.

Section 40-14A-43 - Applicability to Organizations Under 26 u.s.c.a. &Sect;501(a).