Alabama § 40-18-35.3 Deductions from Federal Taxable for Amounts Included in Income Under 26 U.s.c. § 118(B)(2)

Alabama Statutes

§ 40-18-35.3 — Deductions from Federal Taxable for Amounts Included in Income Under 26 U.s.c. § 118(B)(2)

Alabama § 40-18-35.3

Title 40Revenue and Taxation

Ch. 18Income Taxes

Art. 1General Provisions

This text of Alabama § 40-18-35.3 (Deductions from Federal Taxable for Amounts Included in Income Under 26 U.s.c. § 118(B)(2)) 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 § 40-18-35.3 (2026).

Text

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.

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