Alabama § 40-18-62 Amortization of Research and Experimental Expenditures Under the Federal Tax Cuts and Jobs Act

Alabama Statutes

§ 40-18-62 — Amortization of Research and Experimental Expenditures Under the Federal Tax Cuts and Jobs Act

Alabama § 40-18-62

Title 40Revenue and Taxation

Ch. 18Income Taxes

Art. 1General Provisions

This text of Alabama § 40-18-62 (Amortization of Research and Experimental Expenditures Under the Federal Tax Cuts and Jobs Act) 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 § 40-18-62 (2026).

Text

(a)Effective for tax years beginning on or after January 1, 2024, research and experimental expenditures for Alabama tax purposes under Chapter 16 and Chapter 18 shall not follow the provisions of 26 U.S.C § 174, as amended by the Tax Cuts and Jobs Act (TCJA), P.L. 115-97. Taxpayers shall have the option to currently deduct research and experimental expenditures or treat the expenditures as deferred expenses in the same manner as provided in 26 U.S.C § 174 prior to tax year 2022.

(b)The Department of Revenue may adopt rules to implement and administer this section.

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(a) Effective for tax years beginning on or after January 1, 2024, research and experimental expenditures for Alabama tax purposes under Chapter 16 and Chapter 18 shall not follow the provisions of 26 U.S.C § 174, as amended by the Tax Cuts and Jobs Act (TCJA), P.L. 115-97. Taxpayers shall have the option to currently deduct research and experimental expenditures or treat the expenditures as deferred expenses in the same manner as provided in 26 U.S.C § 174 prior to tax year 2022.
(b) The Department of Revenue may adopt rules to implement and administer this section.