Get PA BPT-EZ - Philadelphia 2011-2024

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.

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.

Corporate income tax is a tax on the net income of corporations. ... Privilege taxes are imposed on businesses for the right to conduct business in a given state. Privilege taxes are usually based on the gross receipts or net worth of a business, but some are levied as a flat fee.

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.

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.

Mercantile Tax Law and Legal Definition. The mercantile tax is levied on the gross receipts of local businesses. The mercantile tax can be levied on wholesale and retail trade, as well as restaurants. It is also known as the business gross receipts tax, or business privilege tax.

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 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.

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.