Code of Alabama - Title 40: Revenue and Taxation - Section 40-18-15.1 - Net income taxable income defined - Generally

Section 40-18-15.1 - Net income taxable income defined - Generally.

For purposes of this chapter, the term "taxable income" or "net income" shall mean "gross income," as defined in Section 40-18-14, less the deductions allowed to individuals by this chapter.

(Act 98-502, p. 1083, §1.)

Last modified: May 3, 2021