§ 40-18-551 — Definitions

For the purposes of this article, the following terms have the following meanings:
(1) BOARD. The Rural Hospital Investment Program Board.
(2) DEPARTMENT. The Alabama Department of Revenue.
(3) ELIGIBLE RURAL HOSPITAL. A hospital that meets the requirements set out in Section 40-18-553.
(4) ELIGIBLE TAXES. Financial institution excise tax, income tax, insurance premium tax, and utility tax.
(5) FINANCIAL INSTITUTION EXCISE TAX. The taxes levied and collected pursuant to Chapter 16.
(6) INCOME TAX. The taxes levied and collected pursuant to Chapter 18.
(7) INSURANCE PREMIUM TAX. The taxes levied and collected pursuant to Chapter 4A of Title 27.
(8) PROGRAM. The Rural Hospital Investment Program.
(9) QUALIFIED DONATION. An unrestricted transfer of funds for eligible rural hospitals.
(10) QUALIFIED DONOR. Any person, third party, or organization that makes a qualified donation to an eligible rural hospital.
(11) RURAL HOSPITAL. A rural general acute care, rural emergency, or critical access hospital determined to be located in a rural area as set out in Section 40-18-553(a)(2).
(12) TAX YEAR. The calendar year for which annual income is reported to the State of Alabama by a person that makes a qualified donation.
(13) THIRD PARTY. An entity classified as a tax-exempt nonprofit organization by the Internal Revenue Service which participates in soliciting, administering, or managing qualified donations for eligible rural hospitals.
(14) UTILITY TAX. The taxes levied and collected pursuant to Articles 3 and 4 of Chapter 21 of this title and the tax levied in Sections 40-21-50, 40-21-51, and 40-21-53.

Legislative History

(Act 2025-404, §2; Act 2026-34, §1.)