Alabama § 40-18-80 (Effective for Tax Years Beginning After December 31, 2009) Payment of Estimated Tax by Individuals

Alabama Statutes

§ 40-18-80 — (Effective for Tax Years Beginning After December 31, 2009) Payment of Estimated Tax by Individuals

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

(a)Individuals. Individuals shall pay estimated income tax in accordance with 26 U.S.C. § 6654 except:

(1)The provisions of 26 U.S.C. § 6654(d)(2)(C)(iii) and 26 U.S.C. § 6654(f)(2) shall not apply;

(2)Five hundred dollars ($500) shall be substituted for the amount provided for in 26 U.S.C. § 6654(e)(1).

(b)For the purposes of this section:

(1)Section 40-18-2 shall be substituted when 26 U.S.C. § 6654 refers to Chapter 1 and Chapter 2;

(2)Section 40-18-71 shall be substituted when 26 U.S.C. § 6654 refers to Section 31;

(3)Sections 40-18-21(a), 40-18-132, 40-18-136, 40-18-194, 40-18-220, 40-18-243, and 41-23-24 shall be substituted when 26 U.S.C. § 6654 refers to part IV of subchapter A of Chapter 1;

(4)Commissioner shall be substituted when 26 U.S.C. § 6654 refers to Secretary;

(5)

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(a) Individuals. Individuals shall pay estimated income tax in accordance with 26 U.S.C. § 6654 except:
(1) The provisions of 26 U.S.C. § 6654(d)(2)(C)(iii) and 26 U.S.C. § 6654(f)(2) shall not apply;
(2) Five hundred dollars ($500) shall be substituted for the amount provided for in 26 U.S.C. § 6654(e)(1).
(b) For the purposes of this section:
(1) Section 40-18-2 shall be substituted when 26 U.S.C. § 6654 refers to Chapter 1 and Chapter 2;
(2) Section 40-18-71 shall be substituted when 26 U.S.C. § 6654 refers to Section 31;
(3) Sections 40-18-21(a), 40-18-132, 40-18-136, 40-18-194, 40-18-220, 40-18-243, and 41-23-24 shall be substituted when 26 U.S.C. § 6654 refers to part IV of subchapter A of Chapter 1;
(4) Commissioner shall be substituted when 26 U.S.C. § 6654 refers to Secretary;
(5) The terms alternative minimum taxable income and adjusted self-employment income referred to in 26 U.S.C. § 6654(d)(2)(C)(i) shall be ignored for Alabama purposes.

Alabama § 40-18-80 ((Effective for Tax Years Beginning After December 31, 2009) Payment of Estimated Tax by Individuals) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Acts 1955, No. 289, p. 661, §11; Acts 1983, No. 83-741, p. 1214, §2; Acts 1992, No. 92-186, p. 349, §57; Act 2001-1088, 4th Sp. Sess., p. 1095, §3; Act 2010-685, p. 1150, §1.)