26-51-201, et seq.
Who is Required to File
Resident individuals, estates and trusts, and nonresidents deriving income from local property or activity; Partnerships are not taxable
First $2,999, 1%; Next $3,000, 2.5%; Next $3,000, 3.5%; Next $6,000, 4.5%; Next $10,000, 6%; $25,000 or over, 7%; general rate for all taxpayers; special reduced rates available for low income
Federal Income Tax Deduction
Federal Income used as Basis