Alabama Statutes
§ 38-14-7 — Exclusion from Gross Income
Alabama § 38-14-7
This text of Alabama § 38-14-7 (Exclusion from Gross Income) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 38-14-7 (2026).
Text
Money deposited into individual development accounts shall not be included in gross income for income tax purposes. Any amount withdrawn from a parallel account, matching funds, may not be includable in an eligible individual’s gross income. Money withdrawn from an individual development account shall only be included in gross income if used for a purpose other than a qualified purpose.
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Legislative History
(Act 2011-641, p. 1626, §7.)
Nearby Sections
15
§ 38-1-1
Definitions§ 38-1-6
State and Local Governments Authorized to Participate in Programs to Provide Assistance to the Aged§ 38-10-1
Short Title§ 38-10-11
Construction of Provisions of Article§ 38-10-2
Definitions§ 38-10-30
DefinitionsCite This Page — Counsel Stack
Bluebook (online)
Alabama § 38-14-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/38-14-7.