§ 40-16-1 Definitions
§ 40-16-1.1 Taxation of trust as financial institution
§ 40-16-1.2 Additional items included in federal taxable income; items deducted from federal taxable income
§ 40-16-1.3 Net income of credit unions
§ 40-16-2 Production credit associations taxable under chapter
§ 40-16-3 Returns
§ 40-16-4 Levy; reporting of tax; promulgation of rules
§ 40-16-5 When tax due; extension of time for payment
§ 40-16-5.1 Payment of estimated financial institution excise taxes
§ 40-16-6 Remittance and disposition of tax
§ 40-16-8 Exemptions and credits
§ 40-16-9 Tax credits applied to state portion of tax liability
§ 40-16-10 Computation of net income of financial institutions
§ 40-16-11 Transition rules for Financial Institution Excise Tax Reform Act of 2019

Terms Used In Alabama Code > Title 40 > Chapter 16 - Financial Institution Excise Tax

  • approved: A device, process, equipment, or method approved by the chief; provided, that if any interested person so requests, the secretary shall review such approval. See Alabama Code 25-9-2
  • APPROVED COMPETENT PERSON: A person who has at least nine months of practical experience, has knowledge of mine roof, timbering, and ventilation, has good judgment and who has demonstrated knowledge of mine gases and use of permissible flame safety lamps, methane and oxygen detectors, such demonstration to be given and made of record in a manner prescribed by the chief of the division. See Alabama Code 25-9-2
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • chief: The Chief of the Division of Safety and Inspection of the Department of Labor or such other public officer, employee, board, commission, or other authority that may in emergencies be acting in the stead of the chief or may by law be assigned the duties and authority of the Chief of the Division of Safety and Inspection of the Department of Labor. See Alabama Code 25-9-2
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Grantor: The person who establishes a trust and places property into it.
  • MINE FOREMAN: A person holding a valid certificate of qualification duly issued by action of the board of mine examiners. See Alabama Code 25-9-2
  • National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) Source: OCC
  • operator: The owner, part owner, operator or lessee to whom the superintendent reports and is accountable for the operation. See Alabama Code 25-9-2
  • permissible: A device, process, or equipment or method heretofore or hereafter classified by such term by the United States Bureau of Mines when such classification is adopted by the chief and includes, unless otherwise expressly stated in this chapter, all requirements, restrictions, exceptions, limitations, and conditions attached to such classification by said bureau. See Alabama Code 25-9-2
  • preceding: means next before. See Alabama Code 1-1-1
  • Statute: A law passed by a legislature.
  • supervisor: Such term may be used to designate mine foremen, assistants, section foremen, trafficmen, maintenance foremen, etc. See Alabama Code 25-9-2
  • United States: includes the territories thereof and the District of Columbia. See Alabama Code 1-1-1