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Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-21-25

Determining Tax Value of Franchises and Intangibles

Official textalison.legislature.state.al.us

From 30 percent of the value of said entire property, tangible and intangible, thus ascertained, there shall be deducted the assessed value of the entire tangible real and personal property of such persons, association, company, or corporation, and the remainder of the true value shall by said Department of Revenue be fixed and determined as the true value for taxation of the franchise, or intangible properties owned and held by said persons, association, company, or corporation and made subject to taxation by the provisions of this title, where the business and property of such persons, association, company or corporation is within this state.

Last amended: Acts 1935, No. 194, p. 256; Code 1940, T. 51, §166.

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In this chapter (40 sections)
  1. 40-21-4 · Detailed Requirements of Reports
  2. 40-21-5 · Reports of Individuals or Associations Not Incorporated
  3. 40-21-6 · Factors to Be Considered in Determining True Value of Entire…
  4. 40-21-7 · Reports of Railroad Companies
  5. 40-21-8 · Returns of Telegraph and Telephone Companies Generally
  6. 40-21-9 · Details of Returns of Electric Power and Telegraph and…
  7. 40-21-10 · Details of Statements of Water, Gas and Pipeline Companies
  8. 40-21-11 · Sleeping, Parlor, Dining and Chair Car Companies
  9. 40-21-12 · Description of Real Property, Fixtures and Other Tangible…
  10. 40-21-13 · Total Length of Railroad Lines
  11. 40-21-14 · Statement of Property Outside State
  12. 40-21-15 · Statements of Express Companies
  13. 40-21-16 · Endorsement of Receipt of Statements; Requiring Additional…
  14. 40-21-17 · Determination of Value; Assessment of Property; Penalizing…
  15. 40-21-18 · Evidence and Witnesses Before Department
  16. 40-21-19 · Compelling Production of Records, Documents, Etc.; Requiring…
  17. 40-21-20 · What Considered in Arriving at Taxable Value of Property
  18. 40-21-21 · Franchises and Intangible Property Subject to Taxation
  19. 40-21-22 · Proportion of Value or Receipts Within State to Total Value…
  20. 40-21-23 · Notice of Valuation Sent by Department
  21. 40-21-25 · Determining Tax Value of Franchises and Intangibles
  22. 40-21-26 · Local Taxes on Franchises and Intangibles
  23. 40-21-27 · Apportionment of Local Taxes
  24. 40-21-28 · Entry and Collection of Local Taxes
  25. 40-21-29 · Stockholders Not Required to List Shares or Pay Ad Valorem…
  26. 40-21-30 · Description of Franchises and Intangibles
  27. 40-21-32 · Procuring Information from Other Sources When Taxpayer Fails…
  28. 40-21-33 · Duties of Receivers, Assignees or Trustees in Bankruptcy
  29. 40-21-34 · Report of Commission to Assessors; Entries by Assessors
  30. 40-21-50 · Levied Generally
  31. 40-21-51 · Distribution of Revenues Generally
  32. 40-21-52 · Freight Lines and Equipment Companies
  33. 40-21-53 · Electric, Hydroelectric, Gas, or Any Other Public Utility -…
  34. 40-21-54 · Electric, Hydroelectric, Gas, or Any Other Public Utility -…
  35. 40-21-55 · Electric, Hydroelectric, Gas, or Any Other Public Utility -…
  36. 40-21-56 · Manufacturers and Sellers of Hydroelectric Power
  37. 40-21-60 · Express Companies - Generally
  38. 40-21-61 · Express Companies - Alternative Tax
  39. 40-21-62 · Report of Gross Receipts by Utility
  40. 40-21-63 · Receipts from Department
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