Ala. Admin. Code r. 800-5-3-.02

Current through Register Vol. 43, No. 1, October 31, 2024

Section 800-5-3-.02 - Limitations

Contributions shall not exceed the lesser of $2,000 or 100 percent of the employee's gross income for any taxable year and no contribution may be made by an employee after reaching the age of 70 1/2 years.

Author: William T. Stephens, General Counsel, RSA.

Ala. Admin. Code r. 800-5-3-.02

Filed September 30, 1982; effective October 1, 1982.

Statutory Authority:Code of Ala. 1975, § 36-27A-3.