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2022 Code of Alabama
Title 40 - Revenue and Taxation.
Chapter 18 - Income Taxes.
Article 1 - General Provisions.
Section 40-18-35.3 - Deductions From Federal Taxable for Amounts Included in Income Under 26 u.s.c. § 118(b)(2).
Universal Citation: AL Code § 40-18-35.3 (2022)
Section 40-18-35.3
Deductions from federal taxable for amounts included in income under 26 U.S.C. § 118(b)(2).
The amount of any contribution by the State of Alabama or any political subdivision thereof computed in accordance with 26 U.S.C. § 118(b)(2), to the extent that the amount is included in the corporation's federal taxable income pursuant to 26 U.S.C. § 118(b)(2) shall be deducted from federal taxable income for purposes of computing taxable income under this chapter.
(Act 2021-1, §8.)
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