Form Bpt-In - Alabama Business Privilege Tax Initial Privilege Tax Return - 2010 Page 2
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1
2FORM
A
D
R
100002BN
LABAMA
EPARTMENT OF
EVENUE
BPT-IN
2010
Alabama Business Privilege Tax
Initial Privilege Tax Return
PAGE 2
1c. Date of Qualification,
Organization or Incorporation
ADOR
1a. FEIN
1b. LEGAL NAME OF BUSINESS ENTITY
________________________
(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 . . . . . . . . . . . .
2
•
3. Gross amount of related party debt exceeding the sum of lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
•
4. For C corporations all payments for compensation or similar amounts in excess of $500,000. . . . . . . . . . . . . . . .
4
•
5. For S corporations all payments for compensation, distributions or similar amounts in excess of $500,000 . . . . .
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
•
8. All compensation, distributions, or similar amounts paid to a partner/member in excess of $500,000 . . . . . . . . . .
8
•
9. Gross amount of related party debt exceeding the amount of line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
•
10. Total net worth (add lines 7, 8 and 9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
III. Disregarded Entities
11. (Reserved for future use.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
12. If a disregarded entity has as its single member a taxpayer that is subject to the privilege tax, then the disregarded entity pays the minimum tax. (Go to
Part B, line 21.) Single Member Name: •
FEIN: •
12
13. Assets minus liabilities for all disregarded entities that have as a single member an entity that is
•
not subject to the privilege tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
•
14. Gross amount of related party debt exceeding the amount on line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
15. For disregarded entities, all compensation, distributions, or similar amounts paid to a 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2. (Reserved for future use.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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 that exceeds 6% of assets . . . . . . . . . . . . . . . . . . . .
6
•
7. Total exclusions (sum of lines 2 - 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
•
8. Net worth subject to apportionment (line 1 less line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
•
9. Alabama Property Factor as of date of organization, incorporation or qualification . . . . . . . . . . . . . . . . . . .
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 with a
•
plant, facility, mine or site in Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
•
14. Book value of amount invested in qualifying low income housing projects (see instructions). . . . . . . . . . . . . . . . .
14
15. For S corporations and LLEs, 30 percent of federal taxable income apportioned to Alabama,
•
but not less than zero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
•
16. Total deductions (add lines 11 - 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
•
17. Taxable Alabama net worth (line 10 less line 16) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
•
18. Tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.00025
18
•
19. Gross privilege tax calculated (multiply line 17 by line 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
•
20. Ratio of the days remaining in the calendar year divided by 365 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20
— — — . — — — — %
21. Privilege Tax Due (multiply line 19 by line 20) (minimum $100, for maximum see instructions).
Go to Page 1 of BPT-IN
•
Enter also on Form BPT-IN, page 1, line 14, Privilege Tax Due. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21
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