The Alabama Department of Revenue (DOR) released an update answering taxpayer’s Frequently Asked Questions (FAQ) regarding financial institutions excise tax. The update includes information on: 1) whether Alabama has a minimum financial institution excise income tax; and 2) how taxpayers can claim business credits. [Ala. Dep’t of Revenue, Financial Institution Excise Tax FAQs, 02/24/25]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.