Code of Alabama — Title 40 (Revenue and Taxation)
Ala. Code § 40-15-8
Location of Property for Purposes of Death Taxation
Official textalison.legislature.state.al.us
Moneys, credits, securities and other intangible personal property within the state not employed in carrying on any business therein by the owner shall be deemed to be located at the domicile of the owner for purposes of death taxation and, if held in trust, shall not be deemed to be located in this state for purposes of death taxation because of the trustee’s being domiciled in this state; provided, that if no other state subjects such property held in trust to death taxation, it may be deemed property having a taxable situs within this state for purposes of death taxation.
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In this chapter (15 sections)
- 40-15-1 · Meaning of “Executor,” “Administrator” or “Legal…
- 40-15-2 · Amount of Tax
- 40-15-3 · Duplicate of Federal Return Filed by Executor; Computation by…
- 40-15-4 · Time of Payment and Filing Return; Extension of Time
- 40-15-5 · Amended Return Showing Change in Federal Tax
- 40-15-7 · Nonresident Decedents
- 40-15-8 · Location of Property for Purposes of Death Taxation
- 40-15-9 · Reciprocity; Effect of Unconstitutionality of Section
- 40-15-12 · Disposition of Proceeds
- 40-15-13 · Lien of State; Affidavit by Personal Representative of Estate
- 40-15-14 · Extension of Payment until Determination of Federal Tax
- 40-15-15 · Assessment of Tax Due
- 40-15-17 · Property Outside of State
- 40-15-18 · State and Federal Estate Taxes to Be Paid Out of Estate…
- 40-15-19 · Administration of Chapter