Alabama § 40-18-558 - Statewide Annual Aggregate of Tax Credit Amounts; Contribution Limits.
Full text of Alabama Code of Alabama § 40-18-558 — Statewide Annual Aggregate of Tax Credit Amounts; Contribution Limits., with citation guidance and answers to common questions.
§ 40-18-558. Statewide Annual Aggregate of Tax Credit Amounts; Contribution Limits.
(a) The statewide annual aggregate of the tax credit allowed for qualified donations shall not exceed the following amounts:
(1) Twenty million dollars ($20,000,000) in the tax year ending December 31, 2026.
(2) Twenty-five million dollars ($25,000,000) in the tax year ending December 31, 2027.
(3) Thirty million dollars ($30,000,000) for all subsequent tax years.
(b) No more than seven hundred fifty thousand dollars ($750,000) shall be contributed to any eligible rural hospital in the tax year ending December 31, 2026; one million dollars ($1,000,000) for the tax year ending on December 31, 2027; and one million two hundred fifty thousand dollars ($1,250,000) each year thereafter, to be limited by the annual aggregate amount applicable in subsection (a).
(c) In the event a qualified donor desires to make a contribution to an individual eligible rural hospital that has received the maximum amount of contributions for that year, the donor shall be provided, upon request to the board, the published list of eligible rural hospitals that are still eligible to receive contributions that year.
(d) In the event a qualified donor desires to make a contribution to an individual eligible rural hospital that exceeds the maximum amount allowed for that year, the department shall not deny the desired contribution but shall approve the proportional amount of the desired contribution up to the eligible rural hospital’s maximum amount of contributions for that year and any remainder shall be attributed to an eligible rural hospital according to the ranking as published under Section 40-18-554(1) which has not yet received the maximum amount of contributions for that year.
(e) In the event that a qualified donor desires to make a contribution to an unspecified or undesignated rural hospital, the donation shall be attributed to the eligible rural hospital according to the ranking as published under Section 40-18-554(1) which has not yet received the maximum amount of contributions for that year, regardless of whether a third party has a relationship or agreement with any eligible rural hospital.
(f) The department shall preapprove each qualified donation for compliance with each applicable limit in subsections (a) and (b).
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 40-18-558
What does Code of Alabama § 40-18-558 cover?
Section 40-18-558 ("Statewide Annual Aggregate of Tax Credit Amounts; Contribution Limits.") 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 § 40-18-558?
A common citation format is "Code of Alabama § 40-18-558" (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 § 40-18-558 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.