Code of Alabama
Article 6 - Alabama S Corporations.
Section 40-18-173 - Interpretation of Article Generally.

Due consideration shall be given in the interpretation of this article to applicable sections of the U.S. Internal Revenue Code in effect from time to time, its rulings and regulations provided such Code, rulings, and regulations are not in direct conflict with any portion of this article.

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.