{"data":{"id":"us-al/ala.-code-40-18-168","jurisdiction":"us-al","citation":"Ala. Code § 40-18-168","heading":"“Carryforward” and “Carryback” Provisions.","body":"No carryforward and no carryback arising for a taxable year for which a corporation is not an Alabama S corporation may be carried to a taxable year which such corporation is an Alabama S corporation. No carryforward and no carryback shall arise at the corporate level for a taxable year for which a corporation is an Alabama S corporation. Nothing in this section shall prevent treating a taxable year for which a corporation is an Alabama S corporation as a taxable year for purposes of determining the number of taxable years to which an item may be carried back or carried forward.","path":["Title 40 Revenue and Taxation.","Chapter 18 Income Taxes.","Article 6 Alabama S Corporations."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=40-18-168","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"6babe9723914d778af66aafd2214879237dcb94a3edef4d84a20192615c9fd0d","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-40-18-167","next":"us-al/ala.-code-40-18-169"},"notice":"GroundRules: Original legal text. Not legal advice."}