Alabama DOR Releases Information on Business Privilege Tax Rate Calculation

The Alabama Department of Revenue (DOR) July 1 released information detailing the calculation of the Business Privilege Tax rate. The information includes that the rate is determined by multiplying the federal taxable income by the taxpayer’s apportionment factor. The resultant amount is then used to find the appropriate rate from the Business Privilege Tax rate schedule. [Ala. Dep’t of Revenue, Business Privilege Tax: How is the rate for the Business Privilege Tax determined?, 07/01/24]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.