Alabama Statutes
§ 41-9-664 — Gifts to Commission Deemed Gifts to State; Taxation Thereof
Alabama·Title 41 State Government·Ch. 9 Boards and Commissions·Art. 24 Foreign Trade and Relations Commission
Every gift to the Foreign Trade and Relations Commission, whether or not the use thereof is prescribed by the donor, shall be deemed a gift to the State of Alabama.
The donor in computing his or her net income for state income tax purposes for the year in which he or she makes his or her gift may deduct the amount of the gift from his or her gross income as authorized in Section 40-18-15.
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Alabama § 41-9-664 (Gifts to Commission Deemed Gifts to State; Taxation Thereof) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1976, No. 682, p. 936, §5.)