Get AL BPT-IN 2018

There is no standalone annual report requirement for LLCs in Alabama, although entity information is requested annually as a part of the business privilege tax return.

The minimum tax is $100 plus $10 annual report fee. Professional corporations pay the same BPT. Alabama LLC: The business privilege tax is based on the LLCs or the PLLCs net worth.

Business Privilege Tax Incentives. The business privilege tax is an annual tax paid by corporations and limited liability entities (including disregarded entities) for the privilege of conducting business in Alabama. The tax base is the taxpayer's net worth apportioned to Alabama.

Business Privilege Tax. The Business Privilege Tax (BPT) is a business gross receipts tax levied by Radnor Township for the Privilege of doing business in Radnor. For purposes of the BPT, business is defined as all businesses, trades, occupations and professions which offer any kind of service.

Alabama Interactive The Department will accept e-payments for estimated and automatic extension payments through Alabama Interactive. Visit Tax Estimation or Tax Extension . Official Payments The Department will accept credit card payments through Official Payments Corporation.

By Andriy Blokhin. Updated Nov 14, 2018. A family limited liability company (LLC) is formed by family members to conduct business in a state that permits such a form of incorporation.

Alabama recognizes the federal S election, and Alabama S corporations are not required to pay income tax to the state. ... Moreover, as limited liability entities, S corporations are required to the pay the state's business privilege tax.

The minimum tax is $100 plus $10 annual report fee. Professional corporations pay the same BPT. Alabama LLC: The business privilege tax is based on the LLCs or the PLLCs net worth.

The states that currently have franchise taxes are: Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Mississippi, Missouri, New York, North Carolina, Oklahoma, Pennsylvania, Tennessee, Texas, and West Virginia. Most of these states have franchise taxes in addition to state income taxes.

A franchise tax is a government levy (tax) charged by some US states to certain business organizations such as corporations and partnerships with a nexus in the state. A franchise tax is not based on income. Rather, the typical franchise tax calculation is based on the net worth of or capital held by the entity.

Sales and Use tax and the franchise tax are separate state taxes. Sales and use tax is for the sales/use tax that is due from selling items that are taxable, and franchise tax is income tax from the profit on the business.

Business Privilege Tax Rate The tax rate for business privilege tax is graduated, based on the entity's federal taxable income apportioned to Alabama. The rates range from $.25 to $1.75 for each $1,000 of net worth in Alabama. The minimum tax is $100.

Alabama corporations are subject to Alabama's corporate income tax at a flat rate of 6.5% of net income. This tax must be paid in addition to the business privilege tax.

Alabama Corporate Income Tax Alabama grants an automatic extension of 6 months to file the Alabama Return, but the full amount of the tax due for a tax year is due, in full, by the original due date of the return. No paper or electronic extension form is needed to be filed to obtain the automatic extension.

Fees. The minimum fee for a judge of probate is usually $50 but will vary by county. The filing fee for the Secretary of State is $100 and the expediting fee for processing documents with the Secretary of State is $100.