Alabama Alabama Business Privilege Tax Return and Annual Report for C-Corporations and Other Specified Entities

Alabama Business Privilege Tax Return and Annual Report for C-Corporations and Other Specified Entities
CPT FY 2024 Print Version_6-14-23_F
CPT 2024 *240001CP*
FORM

Alabama Department of Revenue

Alabama Business Privilege Tax Return

1a •  Calendar Year (Taxable Year 2024 – determination period beginning
and ending 12/31/2023)
1b •  Fiscal Year (Taxable Year 2024 – determination period beginning •
and ending •
/2024)
1c •  52/53 Week Filer
1d •  Amended Return (Attach Supporting Documentation)
1e •  No Alabama Factor Presence Nexus (This option is only available for entities formed or organized outside the State of Alabama)
Type of taxpayer (check only one):
2a •  C Corporation (1120)
2b •  C Corporation (1120-F)
2c •  Insurance Company (See definitions)
2d •  LLE Taxed as Corporation
2e •  Financial Institution Group Member (Attach Schedule G)
2f •  Real Estate Investment Trust (REIT)
2g •  Business Trust
TAXPAYER INFORMATION
3a LEGAL NAME OF
BUSINESS ENTITY •
3c MAILING
ADDRESS •

3b FEIN •

3e CITY •
3i CONTACT PERSON
CONCERNING THIS FORM •
3k TAXPAYER’S
E-MAIL ADDRESS •

3f STATE •

3g ZIP CODE •

•

FEIN NOT REQUIRED
(SEE INSTRUCTIONS)

3d BPT ACCOUNT NO.
(SEE INSTRUCTIONS)
•
3h FEDERAL BUSINESS CODE NO.
(NAICS) (SEE WWW.CENSUS.GOV) •
3j CONTACT PERSON’S
PHONE NO.
•

RETURN INFORMATION
4a

Date of Incorporation or Organization

•

4b State of Incorporation or Organization

4c County of Incorporation or Organization

•

•

COMPUTATION OF AMOUNT DUE OR REFUND DUE
5
6
7
8
9
10
11

Amount Due

Privilege tax due (Page 2, Part B, line 20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 •
Less: Privilege tax previously paid for the taxable year . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 •
Net privilege tax due (line 5 less line 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 •
Penalty due (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 •
Interest due (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 •
Total privilege tax due (add lines 7, 8 and 9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Payment due with return if line 10 is positive. (Form BPT-V must be submitted if payment is made by check.)
Full payment of any amount due for a taxable year is due by the original due date of the return (without

consideration of any filing extensions in place). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 Amount to be refunded if line 10 is negative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 •

•

Please
Sign
Here

10 •

11 •



  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
Officerʼs
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 •

If you are not making a payment, mail your return to:

If you are making a payment, mail your return, Form BPT-V, and payment to:

Alabama Department of Revenue
Business Privilege Tax Section
P.O. Box 327431
Montgomery, AL 36132-7431

Alabama Department of Revenue
Business Privilege Tax Section
P.O. Box 327320
Montgomery, AL 36132-7320

Telephone Number: (334) 242-1170

Web site: www.revenue.alabama.gov

ADOR

FORM

CPT
PAGE 2

1a. FEIN



BUSINESS PRIVILEGE
TAXABLE/FORM YEAR

2024

*240002CP*

1b. LEGAL NAME OF BUSINESS ENTITY

Alabama Department of Revenue

Alabama Business Privilege Tax C-Corporation

Privilege Tax Computation Schedule
1c. DETERMINATION PERIOD END DATE (BALANCE SHEET DATE)
(MM/DD/YYYY)

PART A – NET WORTH COMPUTATION
Corporations & Entities Taxed as Corporations
1 Issued capital stock and additional paid in capital (without reduction for treasury stock)
but not less than zero.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 •
3 Gross amount of related party debt exceeding the sums of line 1 and 2.. . . . . . . . . . . . . . .
3 •
4 All payments for compensation or similar amounts in excess of $500,000. . . . . . . . . . . . . .
4 •
5 Total net worth (add lines 1-4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART B – PRIVILEGE TAX EXCLUSIONS AND DEDUCTIONS
Exclusions (Attach supporting documentation) (See Instructions)
1 Total net worth from line 5 above. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 •

1 •

2 Book value of the investments by the taxpayer in the equity of other taxpayers . . . . . . . . .
2 •
3 Financial institutions, only – Book value of the investments in other corporations or LLE’s
if the taxpayer owns more than 50 percent of the corporation or LLE.. . . . . . . . . . . . . . . . .
3 •
4 Unamortized portion of goodwill and core deposit intangibles resulting from a direct
purchase. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 •
5 Unamortized balance of properly elected post-retirement benefits pursuant to FASB 106. .
5 •
6 Financial institutions, only – The amount adjusted net worth
exceeds six percent of total assets (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 •
7 Total exclusions (sum of lines 2-6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 •
8 Net worth subject to apportionment (line 1 less line 7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8 •
9 Apportionment factor (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 •
.       %
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. . . . . . . . . . . . . . . . . . . 11 •
12 Net investment in all air, ground, or water pollution control devices in Alabama. . . . . . . . . . 12 •
13 Reserves for reclamation, storage, disposal, decontamination, or retirement associated
14
15
16
17a
17b
18
19
20

with a plant, facility, mine or site in Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 •
Book value of amount invested in qualifying low income housing projects (see instructions) 14 •
Total deductions (add lines 11-14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Taxable Alabama net worth (line 10 less line 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Federal Taxable Income Apportioned to AL . . 17a •
.
Tax rate (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17b •
Gross privilege tax calculated (multiply line 16 by line 17b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Alabama enterprise zone credit (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 •
Privilege Tax Due (line 18 less 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 CPT, page 1, line 5, Privilege Tax Due. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15 •
16 •

18 •

20 •

Full payment of any amount due for a taxable year is due by the original
due date of the return (without consideration of any filing extensions in place).

ADOR