Alabama § 40-18-78 Credit for Tax Withheld

Alabama Statutes

§ 40-18-78 — Credit for Tax Withheld

Alabama·Title 40 Revenue and Taxation·Ch. 18 Income Taxes·Art. 2 Withholding Tax; Optional Short Form Tax; Declaration of Estimated Tax·Div. 1 General Provisions

The amount deducted and withheld as tax under Section 40-18-71 during any calendar year upon the wages of any individual shall be allowed as a credit to the recipient of the income against the tax imposed by Section 40-18-5 for taxable years beginning in such calendar year. If more than one taxable year begins in such calendar year, such amount shall be allowed as a credit against the tax for the last taxable year so beginning.

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The amount deducted and withheld as tax under Section 40-18-71 during any calendar year upon the wages of any individual shall be allowed as a credit to the recipient of the income against the tax imposed by Section 40-18-5 for taxable years beginning in such calendar year. If more than one taxable year begins in such calendar year, such amount shall be allowed as a credit against the tax for the last taxable year so beginning.

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