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Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-18-37

Items Not Deductible by Corporations

Official textalison.legislature.state.al.us

In computing net income of corporations, no deduction shall in any case be allowed in respect to any of the items specified in Section 40-18-17.

Last amended: Acts 1935, No. 194, p. 256; Code 1940, T. 51, §404.

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In this chapter (40 sections)
  1. 40-18-24.5 · Refundable Credit for Certain Owners, Members, Partners,…
  2. 40-18-25 · Estates and Trusts
  3. 40-18-25.1 · Estates and Trusts - Exemptions
  4. 40-18-25.2 · Estates and Trusts - Deductions from Gross Income of Net…
  5. 40-18-26 · Information from Source of Income
  6. 40-18-27 · Individual Taxpayer’s Returns; Liability of Innocent Spouse
  7. 40-18-28 · Returns of Subchapter K Entities and Single Member Limited…
  8. 40-18-29 · Fiduciary Returns
  9. 40-18-30 · Return When Accounting Period Changes
  10. 40-18-31 · Corporate Income Tax - Generally
  11. 40-18-31.1 · Election for Foreign Corporations to Classify Dividend…
  12. 40-18-31.2 · Factor Presence Nexus Standard for Business Activity
  13. 40-18-32 · Corporate Income Tax - Exemptions
  14. 40-18-33 · Corporate Income Tax - Taxable Income
  15. 40-18-34 · Additions Required by Corporations
  16. 40-18-35 · Deductions Allowed to Corporations
  17. 40-18-35.1 · Carry Forward of Net Operating Losses
  18. 40-18-35.2 · Deductions from Federal Taxable for Amounts Included in…
  19. 40-18-35.3 · Deductions from Federal Taxable for Amounts Included in…
  20. 40-18-36 · Distributions by Corporations
  21. 40-18-37 · Items Not Deductible by Corporations
  22. 40-18-38 · Additional Deductions Allowed for Corporations; Credits
  23. 40-18-39 · Corporate Returns
  24. 40-18-39.1 · Business Interest Expense Deduction Limitations
  25. 40-18-39.2 · Extension of Due Date for Taxpayers of Corporate Income…
  26. 40-18-40 · Tax to Be Reported on Forms; Department May Assess…
  27. 40-18-41 · Amortization of Ad Valorem Tax
  28. 40-18-42 · Time and Methods of Payment of Tax
  29. 40-18-42.1 · Revised Due Dates for Payments of Income Tax or Financial…
  30. 40-18-44 · Installment Method
  31. 40-18-50 · Penalty for Failure to Make Return Within Time Specified
  32. 40-18-51 · Applicability of Lien Provisions; Disposition of…
  33. 40-18-53 · Inspection of Returns by Federal or Foreign State Agents
  34. 40-18-54 · Supervision of Assessment and Collection
  35. 40-18-55 · Statement to Be Furnished by Taxpayer
  36. 40-18-56 · Furnishing Sworn Statement of Annual Return of Income to…
  37. 40-18-57 · Rules to Be Promulgated by Department of Revenue
  38. 40-18-58 · Appropriation
  39. 40-18-59 · Additional Appropriations
  40. 40-18-60 · Covid-19 Recovery Capital Credit Protection Act of 2021
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