Alabama Statutes

§ 38-14-7 — Exclusion from Gross Income

Alabama·Title 38 Public Welfare·Ch. 14 Individual Development Account Program

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 Any amount withdrawn from a parallel account, matching funds, may not be includable in an eligible individual’s gross income. Money withdrawn from an individual development account shall only be included in gross income if used for a purpose other than a qualified purpose.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

§ 38-1-2

Recipients’ Freedom of Choice in Selection of Specialists to Make Eye Examinations

§ 38-1-3

Legal Representative for Handling Public Assistance Payments of Incompetents

§ 38-1-4

Filing Names of Recipients of Public Assistance with Probate Judge

§ 38-1-5

Civil Actions Against Certain Persons Owning Property and Supported at Public Charge

§ 38-1-6

State and Local Governments Authorized to Participate in Programs to Provide Assistance to the Aged

§ 38-1-7

Terminated by Act 2014-438, Effective September 30, 2017. Drug Screening Program

§ 38-1-8

Federal Aid for Certain Felony Offenders

§ 38-10-1

§ 38-10-10

Right of Action of Persons Owed Duty of Support

§ 38-10-11

Construction of Provisions of Article

§ 38-10-12

Time Limit for Disbursement by Department to Child’s Custodian of Child Support Payments Received by It; Exception

§ 38-10-2

§ 38-10-3

Authorization of Operation of Child Support Programs by Department of Human Resources Generally; Designation of the Department as the Agency to Administer Income Withholding

§ 38-10-30

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