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STATE AND LOCAL TAXES 1171 Tax Lawyer, Vol. 56, No. 4 STATE AND LOCAL TAXES SUBMITTED BY THE COMMITTEE ON STATE AND LOCAL TAXES: DAVID CASSIDY, COMMITTEE CHAIR; CLAUDIA SMITH, SUBCOMMITTEE CHAIR ON IMPORTANT DEVELOPMENTS* Legislation Income and Franchise Tax Alabama. 2001 Ala. H.B. 4 restricts the use of consolidated income tax returns to those members of a federal consolidated return group that have nexus with Alabama on a stand-alone basis and requires consolidated income to be computed using...

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