Alabama § 40-18-35.2 - Deductions from Federal Taxable for Amounts Included in Income Under 26 U.s.c. § 951A, Etc.
Full text of Alabama Code of Alabama § 40-18-35.2 — Deductions from Federal Taxable for Amounts Included in Income Under 26 U.s.c. § 951A, Etc., with citation guidance and answers to common questions.
§ 40-18-35.2. Deductions from Federal Taxable for Amounts Included in Income Under 26 U.s.c. § 951A, Etc.
All amounts included in income under 26 U.S.C. § 951A shall be deducted from federal taxable income for purposes of computing taxable income under this chapter. However, any amount subtracted under this section is allowed only to the extent such amount is not deductible in determining federal taxable income. As to any amount subtracted under this section, there shall be added to such taxable income all expenses deducted under any section of 26 U.S.C. on the taxpayer’s return for the taxable year which are attributable, directly or indirectly, to such subtracted amount. The deduction provided by 26 U.S.C. § 250 shall apply only to the extent the same income was included in Alabama taxable income under this chapter.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 40-18-35.2
What does Code of Alabama § 40-18-35.2 cover?
Section 40-18-35.2 ("Deductions from Federal Taxable for Amounts Included in Income Under 26 U.s.c. § 951A, Etc.") 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 § 40-18-35.2?
A common citation format is "Code of Alabama § 40-18-35.2" (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 § 40-18-35.2 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.