Alabama § 40-18-417.8 Claiming of Credit by Subsidiary of Parent or Holding Company in Certain Circumstances

Alabama Statutes

§ 40-18-417.8 — Claiming of Credit by Subsidiary of Parent or Holding Company in Certain Circumstances

Alabama § 40-18-417.8

Title 40Revenue and Taxation

Ch. 18Income Taxes

Art. 19AGrowing Alabama Act

This text of Alabama § 40-18-417.8 (Claiming of Credit by Subsidiary of Parent or Holding Company in Certain Circumstances) 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 § 40-18-417.8 (2026).

Text

(a)Notwithstanding subsection (f) of Section 40-18-417.4, for tax years beginning on or after January 1, 2021, the credit issued to a parent or holding company may be claimed by the subsidiary, provided both parent or holding company and subsidiary are filing as part of an Alabama consolidated return.

(b)The Department of Revenue may adopt rules for the implementation and administration of this section.

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(a) Notwithstanding subsection (f) of Section 40-18-417.4, for tax years beginning on or after January 1, 2021, the credit issued to a parent or holding company may be claimed by the subsidiary, provided both parent or holding company and subsidiary are filing as part of an Alabama consolidated return.
(b) The Department of Revenue may adopt rules for the
implementation and administration of this section.