Alabama § 40-14-40 (Not Effective After December 31, 1999) Amount of Levy on Domestic Corporations

Alabama Statutes

§ 40-14-40 — (Not Effective After December 31, 1999) Amount of Levy on Domestic Corporations

Alabama § 40-14-40

Title 40Revenue and Taxation

Ch. 14Corporations

Art. 3Franchise Tax

This text of Alabama § 40-14-40 ((Not Effective After December 31, 1999) Amount of Levy on Domestic Corporations) 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 § 40-14-40 (2026).

Text

Every corporation organized under the laws of this state, except strictly benevolent, educational, or religious corporations, shall pay annually to the state an annual franchise tax based on its capital stock as follows:
For the tax year beginning
Rate on each $1,000 of capital stock
January 1, 1984
$10
And all tax years thereafter
$10
provided that in no event shall the amount paid by any corporation for annual franchise tax be less than the sum of $50.

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Every corporation organized under the laws of this state, except strictly benevolent, educational, or religious corporations, shall pay annually to the state an annual franchise tax based on its capital stock as follows:
For the tax year beginning
Rate on each $1,000 of capital stock
January 1, 1984
$10
And all tax years thereafter
$10
provided that in no event shall the amount paid by any corporation for annual franchise tax be less than the sum of $50.

Legislative History

(Acts 1935, No. 194, p. 256; Code 1940, T. 51, §347; Acts 1955, 2nd Ex. Sess., No. 74, p. 191, §1; Acts 1971, 1st Ex. Sess., No. 103, p. 184, §1; Acts 1983, No. 83-745, p. 1233, §1.)