§ 40-18-80.1 — (Effective for Tax Years Beginning After December 31, 2009) Payment of Estimated Tax by Corporations

Alabama § 40-18-80.1

• Jurisdiction: 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

Text

(a) Corporations. Corporations shall pay estimated income tax in accordance with 26 U.S.C. § 6655 except:
The provisions of 26 U.S.C. § 6655(g)(1)(A)(ii) through (iv) shall not apply.
(b) For the purposes of this section:
(1) Section 40-18-2 shall be substituted when 26 U.S.C. § 6655 refers to Chapter 1;
(2) The terms alternative minimum taxable income and modified alternative minimum taxable income referred to in 26 U.S.C. § 6655(e)(2)(B)(i) shall be ignored for Alabama purposes;
(3) Section 40-18-31 shall be substituted when 26 U.S.C. § 6655 refers to Section 11;
(4) The terms 1201(a) and subchapter L of Chapter 1 referred to in 26 U.S.C. § 6655(g)(1)(A)(i) shall be ignored for Alabama purposes;
(5) Sections 40-18-35(e), 40-18-136, 40-18-194, 40-18-220, 40-18-243, and 41-23-24 shall be substituted when 26 U.S.C. § 6655(g)(1)(B) refers to part IV of subchapter A of Chapter 1;
(6) Alabama Affiliated Group shall be substituted when 26 U.S.C. § 6655 refers to Controlled Group;
(7) The term carrybacks referred to in 26 U.S.C. § 6655(g)(2)(B)(iii) shall be ignored for Alabama purposes;
(8) Commissioner shall be substituted when 26 U.S.C. § 6655 refers to Secretary.

Legislative History

(Act 2001-1088, 4th Sp. Sess., p. 1095, §4; Act 2010-568, p. 1150, §1.)