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Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-18-62

Amortization of Research and Experimental Expenditures Under the Federal Tax Cuts and Jobs Act

Official textalison.legislature.state.al.us

# (a)

Effective for tax years beginning on or after January 1, 2024, research and experimental expenditures for Alabama tax purposes under Chapter 16 and Chapter 18 shall not follow the provisions of 26 U.S.C § 174, as amended by the Tax Cuts and Jobs Act (TCJA), P.L. 115-97. Taxpayers shall have the option to currently deduct research and experimental expenditures or treat the expenditures as deferred expenses in the same manner as provided in 26 U.S.C § 174 prior to tax year 2022.

# (b)

The Department of Revenue may adopt rules to implement and administer this section.

Last amended: Act 2025-400, §§1, 2.

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In this chapter (40 sections)
  1. 40-18-38 · Additional Deductions Allowed for Corporations; Credits
  2. 40-18-39 · Corporate Returns
  3. 40-18-39.1 · Business Interest Expense Deduction Limitations
  4. 40-18-39.2 · Extension of Due Date for Taxpayers of Corporate Income…
  5. 40-18-40 · Tax to Be Reported on Forms; Department May Assess…
  6. 40-18-41 · Amortization of Ad Valorem Tax
  7. 40-18-42 · Time and Methods of Payment of Tax
  8. 40-18-42.1 · Revised Due Dates for Payments of Income Tax or Financial…
  9. 40-18-44 · Installment Method
  10. 40-18-50 · Penalty for Failure to Make Return Within Time Specified
  11. 40-18-51 · Applicability of Lien Provisions; Disposition of…
  12. 40-18-53 · Inspection of Returns by Federal or Foreign State Agents
  13. 40-18-54 · Supervision of Assessment and Collection
  14. 40-18-55 · Statement to Be Furnished by Taxpayer
  15. 40-18-56 · Furnishing Sworn Statement of Annual Return of Income to…
  16. 40-18-57 · Rules to Be Promulgated by Department of Revenue
  17. 40-18-58 · Appropriation
  18. 40-18-59 · Additional Appropriations
  19. 40-18-60 · Covid-19 Recovery Capital Credit Protection Act of 2021
  20. 40-18-61 · Restaurant Revitalization Grant Monies
  21. 40-18-62 · Amortization of Research and Experimental Expenditures Under…
  22. 40-18-70 · Definitions
  23. 40-18-71 · Withholding Tax
  24. 40-18-72 · Included and Excluded Wages
  25. 40-18-73 · Withholding Certificates
  26. 40-18-73.1 · Provisional Employers
  27. 40-18-74 · Payment of Amounts Withheld
  28. 40-18-75 · Statement to Be Furnished Employee
  29. 40-18-76 · Liability for Tax Withheld
  30. 40-18-77 · Refund to Employer
  31. 40-18-78 · Credit for Tax Withheld
  32. 40-18-79 · Overpayment of Tax
  33. 40-18-80 · (Effective for Tax Years Beginning After December 31, 2009)…
  34. 40-18-80.1 · (Effective for Tax Years Beginning After December 31,…
  35. 40-18-81 · Optional Short Form Tax
  36. 40-18-82 · (Repealed Effective for Tax Years Beginning After December…
  37. 40-18-83 · (Repealed Effective for Tax Years Beginning After December…
  38. 40-18-83.1 · (Repealed Effective for Tax Years Beginning After December…
  39. 40-18-84 · Adjusted Gross Income
  40. 40-18-85 · (Repealed Effective for Tax Years Beginning After December…
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