2009 Alabama Code
Title 10 — CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS.
Chapter 13 — REAL ESTATE INVESTMENT TRUSTS.
Section 10-13-23 Treatment of corporate real estate investment trust.
Section 10-13-23Treatment of corporate real estate investment trust.
A domestic or foreign corporation or any "qualified REIT subsidiary" of the domestic or foreign corporation as defined in 26 U.S.C. Section 856(i), otherwise in compliance with the provisions of Chapter 2B of this title, that elects to be treated as a real estate investment trust under 26 U.S.C. Section 856 shall compute its Alabama income tax in accordance with Section 10-13-21 and, in the case of a domestic corporation or qualified subsidiary of that domestic corporation qualifying as a real estate investment trust or a "qualified REIT subsidiary" under 26 U.S.C. Section 856, shall be entitled to the share tax exemption provided for in Section 10-13-22.
(Acts 1995, No. 95-628, p. 1317, §23.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
