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Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-18-561

Qualification for Federal Income Tax Credit or Deduction

Official textalison.legislature.state.al.us

The tax credits created by this article may also qualify for federal income tax credits or deductions, but it is not intended for any qualified donation under this article to automatically qualify for any federal income tax credit or deduction.

Last amended: Act 2025-404, §12.

Source: view the official text

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In this chapter (40 sections)
  1. 40-18-500 · Short Title
  2. 40-18-501 · Exemption from Income Taxes of Certain Income from…
  3. 40-18-502 · Rulemaking Authority
  4. 40-18-510 · Transfer from Education Trust Fund
  5. 40-18-511 · One-Time Refundable Income Tax Credit for Partial Offset of…
  6. 40-18-512 · Funding
  7. 40-18-520 · (Repealed by Act 2023-519, § 8, Effective September 29,…
  8. 40-18-521 · (Repealed by Act 2023-519, § 8, Effective September 29,…
  9. 40-18-522 · (Repealed by Act 2023-519, § 8, Effective September 29,…
  10. 40-18-523 · (Repealed by Act 2023-519, § 8, Effective September 29,…
  11. 40-18-524 · (Repealed by Act 2023-519, § 8, Effective September 29,…
  12. 40-18-525 · (Repealed by Act 2023-519, § 8, Effective September 29,…
  13. 40-18-526 · (Repealed by Act 2023-519, § 8, Effective September 29,…
  14. 40-18-527 · (Repealed by Act 2023-519, § 8, Effective September 29,…
  15. 40-18-530 · Short Title
  16. 40-18-531 · Tax Credit for Qualified Workforce Housing Projects
  17. 40-18-532 · Definitions
  18. 40-18-533 · Applications and Awards; Allocation; Nonrefundability;…
  19. 40-18-534 · Administration of Workforce Housing Tax Credit Program
  20. 40-18-535 · Timing; Reporting Requirements; Rulemaking Authority
  21. 40-18-540 · Legislative Findings
  22. 40-18-541 · Definitions
  23. 40-18-542 · Application for Employee Tax Credit; Documentation…
  24. 40-18-543 · Application for Child Care Provider Facility Tax Credit;…
  25. 40-18-544 · Grants to Nonprofit Child Care Providers
  26. 40-18-545 · Rulemaking; Assignment of Credits; Refunds; Child Care Tax…
  27. 40-18-546 · Forms; Construction of Article
  28. 40-18-550 · Purpose and Short Title
  29. 40-18-551 · Definitions
  30. 40-18-552 · Rural Hospital Investment Program Board
  31. 40-18-553 · Requirements for Eligible Rural Hospitals to Receive…
  32. 40-18-554 · Duties of Board
  33. 40-18-555 · Use of Qualified Donations; Solicitation and Management of…
  34. 40-18-556 · Annual Report
  35. 40-18-557 · Tax Credits
  36. 40-18-558 · Statewide Annual Aggregate of Tax Credit Amounts;…
  37. 40-18-559 · Rulemaking Authority of Department. (Amended by Act 2026-34)
  38. 40-18-560 · Rulemaking Authority of State Treasurer; Program Publicity
  39. 40-18-561 · Qualification for Federal Income Tax Credit or Deduction
  40. 40-18-562 · Limitations on Tax Credits
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