Skip to main content
Level 1
February 16, 2023
Question

ALABAMA DEPT IF REVENUE STATES THAT THE MINIMUM CHARGE FOR THE PPT FORM IS $100.00. SYSTEM IS SHOWING $50.00

  • February 16, 2023
  • 1 reply
  • 7 views
No text available
This topic has been closed for replies.

1 reply

Level 3
February 16, 2023

This is from ADOR website

"Minimum privilege tax is $100; plus the $10 Secretary of State annual report fee for corporations.  For the taxable year beginning after December 31, 2022, taxpayers who would otherwise be subject to the minimum tax due of $100 shall pay $50 in lieu thereof."

 

Business Privilege Tax - Alabama Department of Revenue

I hope this helps.

Level 3
June 26, 2023

We have received our first notice saying that it should have been $ 100 / 110 from the state of Alabama. After reading through it again it says "Taxable year beginning after December 31, 2022".

Should this have started next year instead? The taxable year 2023 PPT with a determination period ending December 31 2022.

If so, this is going to be horrible. I am looking at a lot of penalties and interest to be paid.

 

Level 3
June 26, 2023

I have not had a problem yet. I checked two of mine and just filed one via the MAT system.