Personal exemptions, §48-7-26

Resident individuals with established business, investment property or employment in another state, §48-7-28. Retirement income of individuals, exclusion amount, §48-7-27. Standard deduction, amount, §48-7-27. Subchapter S corporation shareholders. Adjustment to federal gross income. Nonrecognition of S corporations by another state, §48-7-27. Wages and remuneration for labor services. Business expense deduction. Disallowed unless individual receiving compensation authorized employee, §48-7-21.1. Year in which paid or accrued or paid or incurred. Taken for, §48-7-33. Definitions, §48-7-1. Authorized employee. Compensation disallowed as business expense, §48-7-21.1. Business and domestic energy or water conservation, §48-7-40.29. INCOME TAXES —Cont’d Definitions —Cont’d Business enterprises, §§48-7-40, 48-7-40.1, 48-7-40.15, 48-7-40.15A, 48-7-40.24, 48-7-40.25. Business headquarters, §48-7-40.18. Child care provided by employer. Tax credits, §48-7-40.6. Cigarette manufacturers who export to foreign countries, §48-7-40.20. Composite return, §48-7-129. Current income tax payment, §48-7-100. Estimated tax, §§48-7-114, 48-7-117.