Code of Alabama
Title 40 - Revenue and Taxation.
Chapter 16 - Financial Institution Excise Tax.

Section 40-16-1 - Definitions. - For the purpose of this chapter, the following terms shall...

Section 40-16-1.1 - Taxation of Trust as Financial Institution. - (a) For purposes of this section, "trust" shall have the...

Section 40-16-1.2 - Additional Items Included in Federal Taxable Income; Items Deducted From Federal Taxable Income. - (a) The following items shall be added to federal taxable...

Section 40-16-1.3 - Net Income of Credit Unions. - (a) With respect to credit unions only, net income means...

Section 40-16-2 - Production Credit Associations Taxable Under Chapter. - Production credit associations, incorporated pursuant to the provisions of the...

Section 40-16-3 - Returns. - (a) Every financial institution, no later than the due date,...

Section 40-16-4 - Levy; Reporting of Tax; Promulgation of Rules. - (a)(1) Every such financial institution engaging in any of the...

Section 40-16-5 - When Tax Due; Extension of Time for Payment. - Repealed by Act 2019-284, §4, effective January 1, 2020.

Section 40-16-5.1 - Payment of Estimated Financial Institution Excise Taxes. - (a) Financial institutions shall pay estimated financial institution excise tax...

Section 40-16-6 - Remittance and Disposition of Tax. - (a) The remittance of the excise tax due under this...

Section 40-16-8 - Exemptions and Credits. - All moneyed capital employed in the business the privilege of...

Section 40-16-9 - Tax Credits Applied to State Portion of Tax Liability. - Notwithstanding any other laws to the contrary, other than the...

Section 40-16-10 - Computation of Net Income of Financial Institutions. - (a) In computing the net income of financial institutions subject...

Section 40-16-11 - Transition Rules for Financial Institution Excise Tax Reform Act of 2019. - This section provides for transition rules for the implementation of...