Alabama § 40-18-62 - Amortization of Research and Experimental Expenditures Under the Federal Tax Cuts and Jobs Act.
Full text of Alabama Code of Alabama § 40-18-62 — Amortization of Research and Experimental Expenditures Under the Federal Tax Cuts and Jobs Act., with citation guidance and answers to common questions.
§ 40-18-62. Amortization of Research and Experimental Expenditures Under the Federal Tax Cuts and Jobs Act.
(a) Effective for tax years beginning on or after January 1, 2024, research and experimental expenditures for Alabama tax purposes under Chapter 16 and Chapter 18 shall not follow the provisions of 26 U.S.C § 174, as amended by the Tax Cuts and Jobs Act (TCJA), P.L. 115-97. Taxpayers shall have the option to currently deduct research and experimental expenditures or treat the expenditures as deferred expenses in the same manner as provided in 26 U.S.C § 174 prior to tax year 2022.
(b) The Department of Revenue may adopt rules to implement and administer this section.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 40-18-62
What does Code of Alabama § 40-18-62 cover?
Section 40-18-62 ("Amortization of Research and Experimental Expenditures Under the Federal Tax Cuts and Jobs Act.") 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 § 40-18-62?
A common citation format is "Code of Alabama § 40-18-62" (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 § 40-18-62 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.