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Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-18-33

Corporate Income Tax - Taxable Income

Official textalison.legislature.state.al.us

In the case of a corporation subject to the tax imposed by Section 40-18-31, the term “taxable income” means federal taxable income without the benefit of federal net operating losses plus the additions prescribed and less the deductions and adjustments allowed by this chapter and as allocated and apportioned to Alabama.

Last amended: Acts 1935, No. 194, p. 256; Code 1940, T. 51, §400; Act 98-502, p. 1083, §1; Act 99-664, 2nd Sp. Sess., p. 124, §1.

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In this chapter (40 sections)
  1. 40-18-22 · Taxpayers Engaged in Multistate Business - Allocation and…
  2. 40-18-23 · Taxpayers Engaged in Multistate Business - Option of Certain…
  3. 40-18-24 · Taxation of Subchapter K Entity
  4. 40-18-24.1 · Composite Return and Payment by Nonresident Owner of…
  5. 40-18-24.2 · Taxation of Pass-Through Entities
  6. 40-18-24.3 · Taxation on Distributive Share of Interest, Dividends,…
  7. 40-18-24.4 · Alabama Electing Pass-Through Entity Tax Act
  8. 40-18-24.5 · Refundable Credit for Certain Owners, Members, Partners,…
  9. 40-18-25 · Estates and Trusts
  10. 40-18-25.1 · Estates and Trusts - Exemptions
  11. 40-18-25.2 · Estates and Trusts - Deductions from Gross Income of Net…
  12. 40-18-26 · Information from Source of Income
  13. 40-18-27 · Individual Taxpayer’s Returns; Liability of Innocent Spouse
  14. 40-18-28 · Returns of Subchapter K Entities and Single Member Limited…
  15. 40-18-29 · Fiduciary Returns
  16. 40-18-30 · Return When Accounting Period Changes
  17. 40-18-31 · Corporate Income Tax - Generally
  18. 40-18-31.1 · Election for Foreign Corporations to Classify Dividend…
  19. 40-18-31.2 · Factor Presence Nexus Standard for Business Activity
  20. 40-18-32 · Corporate Income Tax - Exemptions
  21. 40-18-33 · Corporate Income Tax - Taxable Income
  22. 40-18-34 · Additions Required by Corporations
  23. 40-18-35 · Deductions Allowed to Corporations
  24. 40-18-35.1 · Carry Forward of Net Operating Losses
  25. 40-18-35.2 · Deductions from Federal Taxable for Amounts Included in…
  26. 40-18-35.3 · Deductions from Federal Taxable for Amounts Included in…
  27. 40-18-36 · Distributions by Corporations
  28. 40-18-37 · Items Not Deductible by Corporations
  29. 40-18-38 · Additional Deductions Allowed for Corporations; Credits
  30. 40-18-39 · Corporate Returns
  31. 40-18-39.1 · Business Interest Expense Deduction Limitations
  32. 40-18-39.2 · Extension of Due Date for Taxpayers of Corporate Income…
  33. 40-18-40 · Tax to Be Reported on Forms; Department May Assess…
  34. 40-18-41 · Amortization of Ad Valorem Tax
  35. 40-18-42 · Time and Methods of Payment of Tax
  36. 40-18-42.1 · Revised Due Dates for Payments of Income Tax or Financial…
  37. 40-18-44 · Installment Method
  38. 40-18-50 · Penalty for Failure to Make Return Within Time Specified
  39. 40-18-51 · Applicability of Lien Provisions; Disposition of…
  40. 40-18-53 · Inspection of Returns by Federal or Foreign State Agents
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