On Aug. 30, ALA LEG amended rule re business privilege tax returns.
ALA LEG Department of Revenue adopted changes to ALA LEG 810-2-8-.06, extension of time for filing of business privilege tax (BPT) returns, for automatic extensions.
BPT Returns
Returns for members of a financial institution group will be given automatic extension consistent with extension for corresponding federal income tax return plus one month.
Extension will be granted if income tax return was extended for same length of time.
The extension to file is not an extension to pay taxes due, amount of tax due must be paid on/before the due date of return without regard to extension to file the return.
Tax payment will be made via paper payment voucher or electronic funds transfer (EFT), but if any payment exceeds $750, then the payment must be made using EFT.
Effectiveness
Adopted changes to ALA LEG 810-2-8-.06, will become effective as of Oct. 14, 2024.
Regulators
ALA LEG
Entity Types
CNSM; Corp
Reference
ALA SR Vol. XLII Is. 11, 8/30/2024; RF, 8/19/2024; Citation: ALA LEG 810-2-8-.06;
