Alabama § 45-22-242.03 - Cash and Credit Business.
Full text of Alabama Code of Alabama § 45-22-242.03 — Cash and Credit Business., with citation guidance and answers to common questions.
§ 45-22-242.03. Cash and Credit Business.
Any person, firm, or corporation taxable under this part having a cash and credit business may report such cash business, and the taxpayer shall thereafter include in each monthly report all credit collections made during the month preceding and shall pay the taxes due thereon at the time of filing such report, but in no event shall the gross proceeds of such credit business be included in the measure of the tax to be paid until collections of such credit business shall have been made.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 45-22-242.03
What does Code of Alabama § 45-22-242.03 cover?
Section 45-22-242.03 ("Cash and Credit Business.") 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 § 45-22-242.03?
A common citation format is "Code of Alabama § 45-22-242.03" (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 § 45-22-242.03 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.