3. OBTAIN CORPORATE INCOME TAX EXEMPTION IN ALABAMA In Alabama, charitable organizations are exempt from federal income taxes and are automatically exempt from corporate income taxes. 4. OBTAIN ALABAMA SALES AND USE TAX EXEMPTIONS In Alabama, charitable organizations are not exempt from sales and use...
There are no exemptions under the Alabama Economic Freedom Act, meaning that no lobbyist, corporation, or individual can obtain tax advantages that are not available to the general public. Also, everyone pays the same rate, but those who spend more pay more total taxes than those who spend le...
Failure to file an accurate report on time can result in a $500 per day fine. Note: There are certain filing exemptions, such as for large companies (i.e., more than 20 full-time employees), tax-exempt entities, and publicly traded companies. ...
In Alabama, corporations file a combined Annual Report and Business Privilege Tax. In addition, Alabama corporations are subject to state tax requirements, including a corporate income tax. Alabama combines its annual report with an annual tax called the Alabama Business Privilege Tax. The Annual Rep...
interest loans to help impacted small business recover and get back on their feet. State Unemployment benefits will be available to those temporarily unemployed by the storm and its destruction. Any number of non-profits, subsidized in part by tax exemptions, will be aiding and ...