Alabama § 40-18-34 - Additions Required by Corporations.
Full text of Alabama Code of Alabama § 40-18-34 — Additions Required by Corporations., with citation guidance and answers to common questions.
§ 40-18-34. Additions Required by Corporations.
The following items shall be added to federal taxable income for purposes of computing taxable income under this chapter:
(a) State and local income taxes that are deductible in computing federal taxable income.
(b) Interest on obligations of state or local governments other than Alabama that is excludable from gross income for federal income tax purposes.
(c) Refunds of federal income taxes deducted.
(d) Dividends received from a corporation in which the taxpayer owns less than 20% of the stock (by vote and value), but only to the extent such dividends are properly deducted in computing taxable income for federal income tax purposes.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 40-18-34
What does Code of Alabama § 40-18-34 cover?
Section 40-18-34 ("Additions Required by Corporations.") 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 § 40-18-34?
A common citation format is "Code of Alabama § 40-18-34" (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 § 40-18-34 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.