Alabama § 2-33-11 - Taxation of Premiums.
Full text of Alabama Code of Alabama § 2-33-11 — Taxation of Premiums., with citation guidance and answers to common questions.
§ 2-33-11. Taxation of Premiums.
(a) Premiums collected under this chapter shall be taxed at the rate of 1.3 percent per annum based on the premiums collected by the nonprofit agricultural organization. The return and payment of the tax shall be due to the Department of Insurance on a biannual basis and shall be remitted to the department on or before the 20th day of the month following the preceding six months for premiums collected.
(b) The tax described in subsection (a) is exclusive and shall be in lieu of all other taxes and licenses. No license or privilege tax may be imposed by a county or municipality on a nonprofit agricultural organization that is subject to the tax described in subsection (a), and a nonprofit agricultural organization and its affiliates that are subject to the tax described in subsection (a) shall be exempt from income taxes under Chapter 18 of Title 40 or any other law levying income taxes.
(c) Taxes collected under this section shall be collected and administered by the Department of Insurance pursuant to rules adopted by the department for that purpose.
(d) Taxes collected under this section, less the costs of administration by the department not to exceed two percent of collections, shall be deposited in the State Treasury and credited to the State General Fund.
(e) The costs of administration shall be deposited in the State Treasury and credited to the Insurance Department Fund.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 2-33-11
What does Code of Alabama § 2-33-11 cover?
Section 2-33-11 ("Taxation of Premiums.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 2-33-11?
A common citation format is "Code of Alabama § 2-33-11" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 2-33-11 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.