(a) Corporations. Corporations shall pay estimated income tax in accordance with 26 U.S.C. § 6655 except:
The provisions of 26 U.S.C. § 6655(g)(1)(A)(ii) through (iv) shall not apply.
(b) For the purposes of this section:
(1) Section 40-18-2 shall be substituted when 26 U.S.C. § 6655 refers to Chapter 1;
(2) The terms alternative minimum taxable income and modified alternative minimum taxable income referred to in 26 U.S.C. § 6655(e)(2)(B)(i) shall be ignored for Alabama purposes;
(3) Section 40-18-31 shall be substituted when 26 U.S.C. § 6655 refers to Section 11;
(4) The terms 1201(a) and subchapter L of Chapter 1 referred to in 26 U.S.C. § 6655(g)(1)(A)(i) shall be ignored for Alabama purposes;
(5) Sections 40-18-35(e), 40-18-136, 40-18-194, 40-18-220, 40-18-243, and 41-23-24 shall be substituted when 26 U.S.C. § 6655(g)(1)(B) refers to part IV of subchapter A of Chapter 1;
(6) Alabama Affiliated Group shall be substituted when 26 U.S.C. § 6655 refers to Controlled Group;
(7) The term carrybacks referred to in 26 U.S.C. § 6655(g)(2)(B)(iii) shall be ignored for Alabama purposes;
(8) Commissioner shall be substituted when 26 U.S.C. § 6655 refers to Secretary.
Structure Code of Alabama
Title 40 - Revenue and Taxation.
Article 2 - Withholding Tax; Optional Short Form Tax; Declaration of Estimated Tax.
Division 1 - General Provisions.
Section 40-18-70 - Definitions.
Section 40-18-71 - Withholding Tax.
Section 40-18-72 - Included and Excluded Wages.
Section 40-18-73 - Withholding Certificates.
Section 40-18-73.1 - Provisional Employers.
Section 40-18-74 - Payment of Amounts Withheld.
Section 40-18-75 - Statement to Be Furnished Employee.
Section 40-18-76 - Liability for Tax Withheld.
Section 40-18-77 - Refund to Employer.
Section 40-18-78 - Credit for Tax Withheld.
Section 40-18-79 - Overpayment of Tax.
Section 40-18-81 - Optional Short Form Tax.