Section 38-14-7 Exclusion from Gross Income.

Money deposited into individual development accounts is not included in gross income for income tax purposes. Withdrawals from a parallel account for matching funds may not be includable in an eligible individual’s gross income. Money withdrawn from an individual development account is included in gross income only if

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Jurisdiction: United States — Alabama
Instrument: Act or statute
Version: Undated source snapshot
Language: en
Official source: View official record ↗

development accounts gross income income tax

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Section 38-14-7 Exclusion from Gross Income.

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