- (1) For tax years beginning after December 31, 1998, a taxpayer making an election to file an Alabama consolidated return, as provided in §40-18-39, Code of Ala. 1975, must use the same method of accounting as employed for federal income tax purposes.
- (2) For tax years beginning after December 31, 1989, a taxpayer must use the same accounting method for Alabama purposes as that used for federal income tax purposes.
Author: Cindy D. Norwood, Jeffrey Taylor, Carmen Mills, Anne Glenn
Statutory Authority: Code of Ala. 1975, §§40-2A-7, 40-18-13.
History: Amended: June 17, 1988; filed July 27, 1988; filed July 22, 1992; October 30, 1992. Filed September 18, 1996; effective October 23, 1996. Amended: Filed March 31, 2000; effective May 5, 2000.