GroundRules
Ala. Code § 40-18-14.3: Gross Income - Discount and Interest.
Where this section sits in the code
- Title 40 Revenue and Taxation.
- Chapter 18 Income Taxes.
- Article 1 General Provisions.
Gross income shall include original issue discount determined in accordance with 26 U.S.C. §§1271 to 1275, inclusive, and interest or other income determined in accordance with 26 U.S.C. §7872, related to certain related party loans, tax avoidance loans, etc. with below-market interest rates.
Collected 2026-09-03T14:01:52Z. Source file · JSON