Alabama § 45-40-244.03 Cash and Credit Business

Alabama Statutes

§ 45-40-244.03 — Cash and Credit Business

Alabama § 45-40-244.03

JurisdictionAlabama

Title 45Local Laws

Ch. 40Lawrence County

Art. 24Taxation

Part 5Tax, Lodging

This text of Alabama § 45-40-244.03 (Cash and Credit Business) 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 § 45-40-244.03 (2026).

Text

Any person, corporation, partnership, firm, limited liability company, association, proprietorship, or other entity taxable under this part having a cash and credit business may report such cash business and the taxpayer shall thereafter include in each monthly report all credit collections made during the preceding month and shall pay the taxes due thereon at the time of filing such report, but in no event shall the gross proceeds of such credit business be included in the measure of tax to be paid until collections of such credit business shall have been made.

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Any person, corporation, partnership, firm, limited liability company, association, proprietorship, or other entity taxable under this part having a cash and credit business may report such cash business and the taxpayer shall thereafter include in each monthly report all credit collections made during the preceding month and shall pay the taxes due thereon at the time of filing such report, but in no event shall the gross proceeds of such credit business be included in the measure of tax to be paid until collections of such credit business shall have been made.