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Section 40-18-62 Amortization of Research and Experimental Expenditures Under the Federal Tax Cuts and Jobs Act

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Alabama Code › Title 40 › Chapter 18 › Section 40-18-62

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

(a) Effective for tax years beginning on or after January 1, 2024, research and experimental expenditures for Alabama tax purposes under Chapter 16 and Chapter 18 shall not follow the provisions of 26 U.S.C § 174, as amended by the Tax Cuts and Jobs Act (TCJA), P.L. 115-97. Taxpayers shall have the option to currently deduct research and experimental expenditures or treat the expenditures as deferred expenses in the same manner as provided in 26 U.S.C § 174 prior to tax year 2022. (b) The Department of Revenue may adopt rules to implement and administer this section.

(b) The Department of Revenue may adopt rules to implement and administer this section.

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Section 40-18-62 Amortization of Research and Experimental Expenditures Under the Federal Tax Cuts and Jobs Act · Ala. Code § 40-18-62 | Frix