Alabama DOR Issues Information on Taxpayers Required to File Business Privilege Tax Return, Annual Report

The Alabama Department of Revenue (DOR) July 1 issued information on taxpayers required to file the Alabama Business Privilege Tax return and annual report. The information includes that: 1) prior to Jan. 1, every corporation, limited liability entity, and disregarded entity doing business in Alabama or registered under Alabama laws must file an Alabama Business Privilege Tax Return and Annual Report until the entity is legally dissolved; and 2) effective from Jan. 1, entities that would otherwise be subject to the minimum tax due will be exempt from the privilege tax, with different forms required for C-corporations, Financial Institution Groups, ...