Alabama Statutes
§ 40-14A-41 — Applicability to Certain Entities Organized Before January 1, 1999
Alabama·Title 40 Revenue and Taxation·Ch. 14A Alabama Business Privilege and Corporation Shares Tax of 1999·Art. 4 Exemptions
The taxes levied by this chapter shall not apply to any entity that was organized before January 1, 1999, was not subject to the franchise tax levied by former Chapter 14 of this title, and is entitled, pursuant to a contract entered into before January 1, 1999, to be indemnified for taxes upon net worth resulting from transactions or activities contemplated in the contract.
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Alabama § 40-14A-41 (Applicability to Certain Entities Organized Before January 1, 1999) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Act 99-665, 2nd Sp. Sess., p. 131, §2.)
Nearby Sections
15
§ 40-1-1
Definitions§ 40-1-14
Payment of Court Costs§ 40-1-2
Lien for Taxes - Generally§ 40-1-23
Liability of Officers for Conversion