Code of Alabama
Article 6 - Alabama S Corporations.
Section 40-18-167 - Applicability of Chapter.

Except to the extent inconsistent with this article, the rules of Article 1 of this chapter shall apply to an Alabama S corporation and its shareholders.

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Structure Code of Alabama

Code of Alabama

Title 40 - Revenue and Taxation.

Chapter 18 - Income Taxes.

Article 6 - Alabama S Corporations.

Section 40-18-160 - General Provisions.

Section 40-18-161 - Determination of Taxable Income.

Section 40-18-162 - Determination of Tax of Shareholder.

Section 40-18-163 - Adjustments for Services Rendered or Capital Furnished by Spouse, etc., of Shareholder or Beneficiary.

Section 40-18-164 - Increase or Decrease in Basis of Shareholder's Stock; Special Rules.

Section 40-18-165 - Distribution of Property Generally.

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.

Section 40-18-167 - Applicability of Chapter.

Section 40-18-168 - "Carryforward" and "Carryback" Provisions.

Section 40-18-169 - Adjustments to Earnings and Profits.

Section 40-18-170 - Circumstances Under Which Corporation Treated as Partnership; "Two-Percent Shareholder" Defined.

Section 40-18-171 - Determination of Shareholder's Pro Rata Share; "Affected Shareholders" Defined.

Section 40-18-172 - "Post-Termination Transition Period" and "Determination" Defined.

Section 40-18-173 - Interpretation of Article Generally.

Section 40-18-174 - Tax Imposed on Certain Built-in Gains.

Section 40-18-175 - Tax Imposed When Passive Investment Income of Corporation Having Subchapter C Earnings and Profits Exceeds 25 Percent of Gross Receipts.

Section 40-18-176 - Nonresident Shareholder Composite Returns.