Code of Alabama — Title 40 (Revenue and Taxation)
Ala. Code § 40-9A-1
Definitions
For purposes of this chapter, the following words and phrases mean:
# (a)
PRIVATE USER. Any individual, partnership, or corporation organized for profit that is or will be treated as the owner of private use property for federal income tax purposes.
# (b)
PRIVATE USE PROPERTY. Any real and/or personal property which is or will be treated as owned by a private user for federal income tax purposes even though title may be held by a public authority or municipal or county government.
# (c)
PUBLIC AUTHORITY. A corporation created for public purposes pursuant to a provision of the Constitution of Alabama of 1901 or a general or local law that authorized it to issue bonds, the interest on which is exempt from the Alabama income tax, as in effect on May 21, 1992.
Source: view the official text
In this chapter (6 sections)
- 40-9A-1 · Definitions
- 40-9A-2 · Private User Leasing Private Use Property from Government…
- 40-9A-3 · Tax Assessors to Forward Information to Department of Revenue
- 40-9A-4 · Department of Revenue to Compile Information and Submit to…
- 40-9A-5 · Tax Assessor May Require Government Entities to Provide…
- 40-9A-6 · Failure to File; Filing of False or Incomplete Information;…