Alabama Code (Last Updated: November 28, 2014) |
Title40 REVENUE AND TAXATION. |
Chapter14A. ALABAMA BUSINESS PRIVILEGE AND CORPORATION SHARES TAX OF 1999. |
Article4. Exemptions. |
§40-14A-43. Applicability to organizations under 26 U.S.C.A. §501(a).
Latest version.
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The taxes levied by this chapter shall not apply to any organization described in 26 U.S.C. §501(a), any county, municipality, municipal corporation, or the State of Alabama, or any corporation or association owned solely by counties, municipalities, or the State of Alabama, any community chest, fund, or foundation, or any entity organized and operated exclusively for religious purposes, any homeowners association, any political party, political action committee, political campaign committee, or any agricultural cooperative.