Alabama Alabama Business Privilege Tax Return and Annual Report for Pass Through Entities Only

Alabama Business Privilege Tax Return and Annual Report for Pass Through Entities Only
PPT FY 2024 Print Version_6-14-23_F
PPT 2024 *240001PP*
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 •  S Corporation
2b •  Limited Liability Entity
2c •  Disregarded Entity
2d •  LLE taxed as S Corporation
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 •

RETURN INFORMATION
4a Date of Incorporation or Organization

•

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.
•

4b State of Incorporation or Organization

4c County of Incorporation or Organization

•

•

COMPUTATION OF AMOUNT DUE OR REFUND DUE

Amount Due
5
6
7
8
9
10
11

Privilege tax due (Page 2, Part B, line 19). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10 •

11 •

12 Amount to be refunded if line 10 is negative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 •
13 Family LLE Election attached •  (Signature required below)

•

Please
Sign
Here



  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
Ownerʼs/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

PPT
PAGE 2

1a. FEIN

BUSINESS PRIVILEGE
TAXABLE/FORM YEAR

2024

*240002PP*

1b. LEGAL NAME OF BUSINESS ENTITY



Alabama Department of Revenue

Alabama Business Privilege Tax Pass-Through Entity

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

PART A – NET WORTH COMPUTATION
I. S-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. . . . . . . . . . . . . . . . 2 •
3 Gross amount of related party debt exceeding the sums of line 1 and 2. . . . . . . . . . . . . . . . 3 •
4 All payments for compensation, distributions, or similar amounts in excess of $500,000. . . . 4 •
5 Total net worth (add lines 1-4). Go to Part B, line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 •
II. Limited Liability Entities (LLE's)
6 Sum of the partners’/members’ capital accounts, but not less than zero . . . . . . . . . . . . . . . 6 •
7 All compensation, distributions, or similar amounts paid to each partner/member in
excess of $500,000.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 •
8 Gross amount of related party debt exceeding the amount on line 6. . . . . . . . . . . . . . . . . . . 8 •
9 Total net worth (add lines 6, 7 and 8). Go to Part B, line 1. . . . . . . . . . . . . . . . . . . . . . . . . .
9 •
III. Disregarded Entities
10 Single Member Name: •
FEIN/SSN: •
11 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 19.)
12 Assets minus liabilities for all disregarded entities that have as a single member
an entity that is not subject to the privilege tax, but not less than zero (supporting
documentation required). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 •
13 Gross amount of related party debt exceeding the amount on line 12 . . . . . . . . . . . . . . . . . 13 •
14 For disregarded entities, all compensation, distributions,
or similar amounts paid to each member in excess of $500,000. . . . . . . . . . . . . . . . . . . . . . 14 •
15 Total net worth (sum of lines 12, 13 and 14). Go to Part B, line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 •
PART B – PRIVILEGE TAX EXCLUSIONS AND DEDUCTIONS
Exclusions (Attach supporting documentation) (See Instructions)
1 Total net worth from Part A – line 5, 9, or 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 •
2 •
3 •
4 Unamortized balance of properly elected post-retirement benefits pursuant to FASB 106. . . 4 •
5 Total exclusions (sum of lines 2-4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Net worth subject to apportionment (line 1 less line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Apportionment factor (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 •
.       %
8 Total Alabama net worth (multiply line 6 by line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Deductions (Attach supporting documentation) (See Instructions)
9 Net investment in bonds and securities issued by the State of Alabama or
political subdivision thereof, when issued prior to January 1, 2000. . . . . . . . . . . . . . . . . . . . 9 •
10 Net investment in all air, ground, or water pollution control devices in Alabama. . . . . . . . . . 10 •
11 Reserves for reclamation, storage, disposal, decontamination, or retirement
associated with a plant, facility, mine or site in Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 •
12 Book value of amount invested in qualifying low income housing projects (see instructions) 12 •
13 30 percent of federal taxable income apportioned to Alabama, but not less than zero . . . . . 13 •
14 Total deductions (add lines 9-13). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15 Taxable Alabama net worth (line 8 less line 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16a Federal Taxable Income Apportioned to AL . . 16a •
16b Tax rate (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16b •
.
17 Gross privilege tax calculated (multiply line 15 by line 16b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18 Alabama enterprise zone credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 •
19 Privilege Tax Due (line 17 less line 18) If $100 or less, STOP.
You do not have a filing requirement. Do not submit return. For maximum see instructions.
Enter also on Form PPT, page 1, line 5, Privilege Tax Due. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Book value of the investments by the taxpayer in the equity of other taxpayers . . . . . . . . . .
3 Unamortized portion of goodwill resulting from a direct purchase. . . . . . . . . . . . . . . . . . . . .

5 •
6 •
8 •

14 •
15 •

17 •

19 •

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