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Alabama Code (Last Updated: November 28, 2014) |
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Title40 REVENUE AND TAXATION. |
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Chapter18. INCOME TAXES. |
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Article2. Withholding Tax; Optional Short Form Tax; Declaration of Estimated Tax. |
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Division1. General Provisions. |
§40-18-80.1. Payment of estimated tax by corporations.
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(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.