Statutes > Alabama Statutes > Title 40 — REVENUE AND TAXATION. > Chapter 18 — INCOME TAXES. > Section 40-18-37 Items not deductible by corporations.

Section 40-18-37 Items not deductible by corporations.

Section 40-18-37

Items not deductible by corporations.

In computing net income of corporations, no deduction shall in any case be allowed in respect to any of the items specified in Section 40-18-17.

(Acts 1935, No. 194, p. 256; Code 1940, T. 51, §404.)