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Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-18-12

Net Income of Individuals - Defined

Official textalison.legislature.state.al.us

Repealed by Act 98-502, § 2.

Last amended: Acts 1935, No. 194, p. 256; Code 1940, T. 51, §382.

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In this chapter (40 sections)
  1. 40-18-1 · Definitions
  2. 40-18-1.1 · Operating Rules
  3. 40-18-2 · Levied; Persons and Subjects Taxable
  4. 40-18-2.1 · Income of Foreign Missionary Exempt
  5. 40-18-2.2 · Exemption of Certain Nonresident Income
  6. 40-18-3 · (Effective January 1, 2025) Income of Officers or Agents of…
  7. 40-18-4 · Interest or Other Income Received from Obligations of the…
  8. 40-18-5 · Tax on Individuals
  9. 40-18-6 · Gain or Loss - Basis of Property; Adjusted Basis
  10. 40-18-6.1 · Gain or Loss - Special Rules for Capital Gains Invested in…
  11. 40-18-7 · Gain or Loss - Determination of Amount
  12. 40-18-8 · Gain or Loss - Recognition
  13. 40-18-8.1 · Gain or Loss - Recognition of Gains Invested in Opportunity…
  14. 40-18-9 · Gain or Loss - Optional Method for Returning as Income…
  15. 40-18-11 · Inventory
  16. 40-18-12 · Net Income of Individuals - Defined
  17. 40-18-13 · Computation of Income
  18. 40-18-14 · Adjusted Gross Income of Individuals. (Amended by Act…
  19. 40-18-14.1 · Deferred Compensation Plans
  20. 40-18-14.2 · Adjusted Gross Income
  21. 40-18-14.3 · Gross Income - Discount and Interest
  22. 40-18-15 · Deductions for Individuals Generally. (Amended by Act…
  23. 40-18-15.1 · Net Income Taxable Income Defined - Generally
  24. 40-18-15.2 · Net Operating Loss
  25. 40-18-15.3 · Deductions for Health Insurance Premiums
  26. 40-18-15.4 · Deductions for Certain Retrofitting or Upgrades to Homes -…
  27. 40-18-15.5 · Deductions for Certain Retrofitting or Upgrades to Homes -…
  28. 40-18-15.6 · Deductions for Contributions Made to Health Savings…
  29. 40-18-15.7 · Optional Increased Standard Deduction for Qualified Persons
  30. 40-18-15.8 · Deductions for Contributions to Qualifying Alabama…
  31. 40-18-16 · Depreciation
  32. 40-18-17 · Items Not Deductible
  33. 40-18-18 · Amortization of War or Emergency Facilities
  34. 40-18-19 · Exemptions - Generally. (Amended by Act 2026-603)
  35. 40-18-19.1 · Exemptions for Severance, Unemployment Compensation, Etc
  36. 40-18-19.2 · Exemption of Certain Death Benefit Payments for Peace…
  37. 40-18-19.3 · State Income Tax Credit for the Use of Personal Motor…
  38. 40-18-20 · Exemptions - Military Retirement Benefits
  39. 40-18-21 · Credits for Taxes Paid on Income from Sources Outside the…
  40. 40-18-21.1 · Annual Report of Credits Claimed for Taxes Paid to Foreign…
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