Alabama § 40-18-551 - Definitions.
Full text of Alabama Code of Alabama § 40-18-551 — Definitions., with citation guidance and answers to common questions.
§ 40-18-551. Definitions.
For the purposes of this article, the following terms have the following meanings:
(1) BOARD. The Rural Hospital Investment Program Board.
(2) DEPARTMENT. The Alabama Department of Revenue.
(3) ELIGIBLE RURAL HOSPITAL. A hospital that meets the requirements set out in Section 40-18-553.
(4) ELIGIBLE TAXES. Financial institution excise tax, income tax, insurance premium tax, and utility tax.
(5) FINANCIAL INSTITUTION EXCISE TAX. The taxes levied and collected pursuant to Chapter 16.
(6) INCOME TAX. The taxes levied and collected pursuant to Chapter 18.
(7) INSURANCE PREMIUM TAX. The taxes levied and collected pursuant to Chapter 4A of Title 27.
(8) PROGRAM. The Rural Hospital Investment Program.
(9) QUALIFIED DONATION. An unrestricted transfer of funds for eligible rural hospitals.
(10) QUALIFIED DONOR. Any person, third party, or organization that makes a qualified donation to an eligible rural hospital.
(11) RURAL HOSPITAL. A rural general acute care, rural emergency, or critical access hospital determined to be located in a rural area as set out in Section 40-18-553(a)(2).
(12) TAX YEAR. The calendar year for which annual income is reported to the State of Alabama by a person that makes a qualified donation.
(13) THIRD PARTY. An entity classified as a tax-exempt nonprofit organization by the Internal Revenue Service which participates in soliciting, administering, or managing qualified donations for eligible rural hospitals.
(14) UTILITY TAX. The taxes levied and collected pursuant to Articles 3 and 4 of Chapter 21 and the tax levied in Sections 40-21-50, 40-21-51, and 40-21-53.
Frequently Asked Questions About Alabama § 40-18-551
What does Code of Alabama § 40-18-551 cover?
Section 40-18-551 ("Definitions.") 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 § 40-18-551?
A common citation format is "Code of Alabama § 40-18-551" (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 § 40-18-551 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.