Ala. Code § 40-18-168 (1975) - 'Carryforward' and 'carryback' provisions

Cite as:Ala. Code § 40-18-168 (1975)
Currency:Current through the 2020 Regular Session Acts 1 through 206
 
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No carryforward and no carryback arising for a taxable year for which a corporation is not an Alabama S corporation may be carried to a taxable year which such corporation is an Alabama S corporation. No carryforward and no carryback shall arise at the corporate level for a taxable year for which a corporation is an Alabama S corporation. Nothing in this section shall prevent treating a taxable year for which a corporation is an Alabam...

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