Get Alabama Business Privilege Tax Initial Return Form ...

Form PPT. This is the Alabama Business Privilege Tax Return and Annual Report for Pass Through Entities Only. Form BPT-V. This is the Business Privilege Payment Voucher.

By state law, Alabama corporations, limited liability companies, limited liability partnerships, and limited partnerships are required to file an Alabama Business Privilege Tax Return each year.

Filing The Alabama Business Privilege Tax Return. Alabama Business Privilege Tax Returns must be filed by mail. To download and print your tax return, you'll need to visit the Alabama Department of Revenue website. On the state website, click “Forms” on the top menu.

Beginning in the 2023 tax year, HB391 slashes the minimum business privilege tax from $100 to $50 and will completely exempt small businesses from the minimum tax starting in 2024. The measure is expected to save Alabama's small businesses $23 million a year.

How can I pay the Electing PTE's estimated tax installments? – Estimated tax payments made by check should be submitted with the form PTE-V and mailed to the address provided on this form. Electronic payments can be made via ACH draft through My Alabama Taxes and do not require the form PTE-V.

Minimum Business Privilege Tax. For taxable year 2023, taxpayers who would be subject to the minimum tax due of one hundred dollars ($100) shall pay fifty dollars ($50).

Last summer, Governor Kay Ivey signed into law Act No. 2022-252, which amends the law regarding the minimum business privilege tax to be paid by small businesses, reducing the minimum-required fee from $100 to $50 in 2023 and to $0 in 2024.

How do I make a Payment for Business Privilege Tax? Payment Options. My Alabama Taxes. Pay via Credit/Debit card or ACH online with MyAlabamaTaxes. ... By Phone. ... By Mail.