Exemptions.

Ala. Code tit. 40, ch. 14A, art. 4

in effect

Ala. Code § 40-14A-41 Applicability to Certain Entities Organized Before January 1, 1999.

40-14A-41. Applicability to Certain Entities Organized Before January 1, 1999. The taxes levied by this chapter shall not apply to any entity that was organized before January 1, 1999, was not subject to the franchise tax levied by former Chapter 14 of this title, and is entitled, pursuant to a contract entered into before January 1, 1999, to be indemnified for taxes upon net worth resulting from transactions or activities contemplated in the contract. (Act 99-665, 2nd Sp. Sess., p. 131, §2.)

Ala. Code § 40-14A-42 Applicability to Certain Corporations Under Contract with Department of Economic and Community Affairs.

40-14A-42. Applicability to Certain Corporations Under Contract with Department of Economic and Community Affairs. The taxes levied by this chapter shall not apply to any corporation that is wholly or partially exempt from the franchise tax imposed by former Chapter 14 of this title because it is a party to a contract with the Department of Economic and Community Affairs under the authority of Section 41-23-30. (Act 99-665, 2nd Sp. Sess., p. 131, §2.)

Ala. Code § 40-14A-43 Applicability to Organizations Under 26 U.s.c.a. § 501(A).

40-14A-43. Applicability to Organizations Under 26 U.s.c.a. § 501(A). 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. (Act 99-665, 2nd Sp. Sess., p. 131, §2; Act 2000-705, p. 1442, §2.)

Source: Alabama Legislature (alison.legislature.state.al.us)URL: https://alison.legislature.state.al.us/code-of-alabamaFetched: 10/20/2026