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Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-18-34

Additions Required by Corporations

Official textalison.legislature.state.al.us

The following items shall be added to federal taxable income for purposes of computing taxable income under this chapter:

# (a)

State and local income taxes that are deductible in computing federal taxable income.

# (b)

Interest on obligations of state or local governments other than Alabama that is excludable from gross income for federal income tax purposes.

# (c)

Refunds of federal income taxes deducted.

# (d)

Dividends received from a corporation in which the taxpayer owns less than 20% of the stock (by vote and value), but only to the extent such dividends are properly deducted in computing taxable income for federal income tax purposes.

Last amended: Acts 1935, No. 194, p. 256; Code 1940, T. 51, §401; Acts 1975, No. 1195, p. 2348, §1; Acts 1985, No. 85-515, §15; Act 98-502, p. 1083, §1; Act 99-664, 2nd Sp. Sess., p. 124, §1; Act 2000-702, p. 1425, §1.

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In this chapter (40 sections)
  1. 40-18-23 · Taxpayers Engaged in Multistate Business - Option of Certain…
  2. 40-18-24 · Taxation of Subchapter K Entity
  3. 40-18-24.1 · Composite Return and Payment by Nonresident Owner of…
  4. 40-18-24.2 · Taxation of Pass-Through Entities
  5. 40-18-24.3 · Taxation on Distributive Share of Interest, Dividends,…
  6. 40-18-24.4 · Alabama Electing Pass-Through Entity Tax Act
  7. 40-18-24.5 · Refundable Credit for Certain Owners, Members, Partners,…
  8. 40-18-25 · Estates and Trusts
  9. 40-18-25.1 · Estates and Trusts - Exemptions
  10. 40-18-25.2 · Estates and Trusts - Deductions from Gross Income of Net…
  11. 40-18-26 · Information from Source of Income
  12. 40-18-27 · Individual Taxpayer’s Returns; Liability of Innocent Spouse
  13. 40-18-28 · Returns of Subchapter K Entities and Single Member Limited…
  14. 40-18-29 · Fiduciary Returns
  15. 40-18-30 · Return When Accounting Period Changes
  16. 40-18-31 · Corporate Income Tax - Generally
  17. 40-18-31.1 · Election for Foreign Corporations to Classify Dividend…
  18. 40-18-31.2 · Factor Presence Nexus Standard for Business Activity
  19. 40-18-32 · Corporate Income Tax - Exemptions
  20. 40-18-33 · Corporate Income Tax - Taxable Income
  21. 40-18-34 · Additions Required by Corporations
  22. 40-18-35 · Deductions Allowed to Corporations
  23. 40-18-35.1 · Carry Forward of Net Operating Losses
  24. 40-18-35.2 · Deductions from Federal Taxable for Amounts Included in…
  25. 40-18-35.3 · Deductions from Federal Taxable for Amounts Included in…
  26. 40-18-36 · Distributions by Corporations
  27. 40-18-37 · Items Not Deductible by Corporations
  28. 40-18-38 · Additional Deductions Allowed for Corporations; Credits
  29. 40-18-39 · Corporate Returns
  30. 40-18-39.1 · Business Interest Expense Deduction Limitations
  31. 40-18-39.2 · Extension of Due Date for Taxpayers of Corporate Income…
  32. 40-18-40 · Tax to Be Reported on Forms; Department May Assess…
  33. 40-18-41 · Amortization of Ad Valorem Tax
  34. 40-18-42 · Time and Methods of Payment of Tax
  35. 40-18-42.1 · Revised Due Dates for Payments of Income Tax or Financial…
  36. 40-18-44 · Installment Method
  37. 40-18-50 · Penalty for Failure to Make Return Within Time Specified
  38. 40-18-51 · Applicability of Lien Provisions; Disposition of…
  39. 40-18-53 · Inspection of Returns by Federal or Foreign State Agents
  40. 40-18-54 · Supervision of Assessment and Collection
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