Alabama Alabama Business Privilege Tax Initial Privilege Tax Return

Alabama Business Privilege Tax Initial Privilege Tax Return
BPT-IN TY 2024 Print Version NEW_6-14-23_F
FORM

BPT-IN

2024

*240001BN*

Alabama Department of Revenue

Alabama Business Privilege Tax Initial Privilege Tax Return
Initial Privilege Tax – This form is to be completed ONLY by taxpayers who incorporated, organized, qualified,
registered or started doing business in Alabama in 2024. NOTE: Initial returns must be filed within 2-1/2
months of incorporation, organization or qualification. See the detailed instructions on the Alabama Department of Revenue Web site (www.revenue.alabama.gov).
Type of taxpayer (check only one):

•
•
1g. •
1a.

C Corporation

1d.

LLE Taxed as Corporation 1e.

1b.

S Corporation

1h.

•
•
•

Insurance Company

1c.

Real Estate Investment Trust 1f.
Limited Liability Entity

1i.

•
•
•

Financial Institution Group Member
Business Trust
Disregarded Entity

DO NOT FILE FORM BPT-IN AS AN ANNUAL RETURN

3b. FEIN •
3d. SECRETARY OF STATE
ENTITY ID NO. (SEE SOS.ALABAMA.GOV)
3f. MAILING
ADDRESS •
3g. CITY •
4a. CONTACT PERSON
CONCERNING THIS FORM
4a. TAXPAYER’S
E-MAIL ADDRESS •

FEIN NOT REQUIRED
•  (SEE INSTRUCTIONS)

•

Please enter the date the entity incorporated, organized,
qualified or registered in Alabama or started doing business in
Alabama, whichever occurred first:
2a. Date of Qualification,
Incorporation or Organization

TAXPAYER INFORMATION
3a. LEGAL NAME OF
BUSINESS ENTITY •

Enter Month of Tax Year End •

(mm/dd/yyyy)
3c. BPT ACCOUNT NO.
(SEE INSTRUCTIONS) •
3e. FEDERAL BUSINESS CODE NO.
(NAICS) (SEE SOS.ALABAMA.GOV)

3h. STATE •

•



No Alabama Factor Presence Nexus (This option
2b. •
is only available for entities formed or organized outside the
State of Alabama)

3i. ZIP CODE •
4b. CONTACT PERSON’S PHONE NO.•

•

5a.
5b.
6a.
6b.
6c.
6d.
7a.
7b.
7c.
7d.
8a.
8b.
8c.
8d.
9a.
9b.
9c.
9d.
10.
11.

County of incorporation or organization for all Alabama entities . . . . . . . . . . . . . .
State or country of incorporation or organization for all foreign entities . . . . . . . . .
Date of qualification or registration in Alabama for foreign entities . . . . . . . . . . . .
Date of incorporation or organization for all entities . . . . . . . . . . . . . . . . . . . . . . .
Date started doing business in Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Telephone number of the taxpayer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Name of registered agent in Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
FEIN or social security number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Street address . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
City, state, and zip code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Name of corporate president or primary member/partner . . . . . . . . . . . . . . . . . . .
Social security number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Street address . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
City, state, and zip code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Name of corporate secretary or secondary member/partner. . . . . . . . . . . . . . . . .
Social security number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Street address . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
City, state, and zip code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Kind of business done in Alabama. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Principal place of business in Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
City, state, and zip code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12. Kind of business done generally . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13. Mailing address of the principal place of business if outside State of Alabama . . .
City, state, and zip code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5a
5b
6a
6b
6c
6d
7a
7b
7c
7d
8a
8b
8c
8d
9a
9b
9c
9d
10
11
12
13

COMPUTATION OF AMOUNT DUE
14. Privilege tax due (Page 2, Part B, line 20). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 •
15. Penalty due (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 •
16. Interest due (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 •
17. Total privilege tax due (add lines 14, 15 and 16) (Form BPT-V must be submitted if payment is made by check) . . . . . . . . . . . . . . . . . .
18. Family LLE Election: • (Signature required below)

•

Please
Sign
Here

•

Amount Due

17 •



  I authorize a representative of the Department of Revenue to discuss my return and attachments with my preparer.
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge
and belief they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Title
Date
Your
Signature

Paid
Preparer’s
Use Only

•
•
ZIP Code•

Preparerʼs signature

Date

Firmʼs name (or yours, if
•
self-employed) and address

E.I. No.

•

Phone No. •

Preparerʼs SSN/PTIN •

ADOR

BPT-IN 2024 *240002BN*

Alabama Department of Revenue

FORM

Alabama Business Privilege Tax

Initial Privilege Tax Return

PAGE 2

1a. FEIN

1b. LEGAL NAME OF BUSINESS ENTITY

1c. DATE OF QUALIFICATION, ORGANIZATION OR



INCORPORATION (MM/DD/YYYY)

Part A – Net Worth Computation. Complete I, II or III only.
I. Corporations & Entities Taxed as Corporations
1. Issued capital stock and any additional paid in capital, but without reduction for treasury stock. . . . . . . . .

1 •

2. Retained earnings, but not less than zero, including dividends payable. For LLC’s taxed as
corporations and non-stock issuing entities such as business trusts, enter assets minus liabilities . . . . . .
3. Gross amount of related party debt exceeding the sum of lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . .
4. For C corporations, all payments for compensation or similar amounts in excess of $500,000 . . . . . . . . .
5. For S corporations, all payments for compensation, distributions or similar amounts in excess of $500,000

2
3
4
5

•
•
•
•

6. Total net worth (add lines 1 - 5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 •

II. Limited Liability Entities (LLE’s)
7. Sum of the partners’/members’ capital accounts, but not less than zero . . . . . . . . . . . . . . . . . . . . . . . . . .
8. All compensation, distributions, or similar amounts paid to each partner/member in excess of $500,000 . .
9. Gross amount of related party debt exceeding the amount of line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 •
8 •
9 •

10. Total net worth (add lines 7, 8 and 9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10 •

III. Disregarded Entities
11. Single Member Name: •

FEIN/SSN: •

12. If a disregarded entity has as its single member a taxpayer that is subject to the privilege tax, then the disregarded entity does not have a filing requirement.. (Go to Part B, line 20.)
13. Assets minus liabilities for all disregarded entities that have as a single member an entity that is
not subject to the privilege tax (attach documentation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14. Gross amount of related party debt exceeding the amount on line 13. . . . . . . . . . . . . . . . . . . . . . . . . . . .

13 •
14 •

15. For disregarded entities, all compensation, distributions, or similar amounts paid to each member in
excess of $500,000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15 •

16. Total net worth (add lines 13, 14, and 15 and go to Part B, line 1.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16 •

Part B – Privilege Tax Exclusions and Deductions
Exclusions (Attach supporting documentation) (See instructions)
1. Net worth from Part A – line 6, 10, or 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Book value of the investments by the taxpayer in the equity of other taxpayers . . . . . . . . . . . . . . . . . . . .

1 •

2 •

3. Financial institutions only – Book value of the investments in other corporations or LLE’s if the taxpayer
owns more than 50% of the corporation or LLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Unamortized portion of goodwill and core deposit intangibles resulting from a direct purchase . . . . . . . . .
5. Unamortized balance of properly elected post-retirement benefits pursuant to FASB 106 . . . . . . . . . . . . .
6. Financial institutions only – The amount adjusted net worth that exceeds 6% of assets . . . . . . . . . . . . . .

3 •
4 •
5 •
6 •

7. Total exclusions (sum of lines 2 - 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8. Net worth subject to apportionment (line 1 less line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9. Alabama Apportionment Factor as of date of organization, incorporation or qualification . . . . . . . .

9 •

7 •
8 •

.       %

10. Total Alabama net worth (multiply line 8 by line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10 •

Deductions (Attach supporting documentation) (See instructions)
11. Net investment in bonds and securities issued by the State of Alabama or political subdivision
thereof, when issued prior to January 1, 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12. Net investment in all air, ground or water pollution control devices in Alabama . . . . . . . . . . . . . . . . . . . . .

11 •
12 •

13. Reserves for reclamation, storage, disposal, decontamination, or retirement associated with a
plant, facility, mine or site in Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14. Book value of amount invested in qualifying low income housing projects (see instructions) . . . . . . . . . . .

13 •
14 •

15. Total deductions (add lines 11 - 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16. Taxable Alabama net worth (line 10 less line 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17. Tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

17 •

.00025

18. Gross privilege tax calculated (multiply line 16 by line 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19. Ratio of the days remaining in the Tax year divided by 365 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

19 •

15 •
16 •
18 •

.       %

20. Privilege Tax Due (Multiply line 18 by line 19) If $100 or less, STOP. You do not have a filing requirement. Do not submit return. For maximum see instructions.
Enter also on Form BPT-IN, page 1, line 14, Privilege Tax Due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20 •

Make check payable to: Alabama Department of Revenue
(Payment must be submitted with Form BPT-V, unless payment is made electronically)
Mail to: Alabama Department of Revenue, Business Privilege Tax Section
P.O. Box 327320, Montgomery, AL 36132-7320
ADOR