Form Cpt - Alabama Business Privilege Tax Return And Annual Report - 2006 Page 2

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FORM

BUSINESS PRIVILEGE

LABAMA

EPARTMENT OF

EVENUE

CPT

TAX YEAR

Alabama Business Privilege Tax

2006

C-Corporation Privilege Tax Computation Schedule

PAGE 2

1a FEIN

1b TAXPAYER NAME

1c Determination Period End Date

(Balance Sheet Date):

______/______/________

(mm/dd/yyyy)

Part A – Net Worth Computation.

Corporations & Entities Taxed as Corporations

Issued capital stock and additional paid in capital (without reduction for treasury stock) but not

less than zero. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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 . .

Amount of related party debt exceeding the sums of line 1 and 2. . . . . . . . . . . . . . . . . . . . . . . . . . . .

All payments for compensation or similar amounts in excess of $500,000. . . . . . . . . . . . . . . . . . . . .

Total net worth (add lines 1-4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part B – Privilege Tax Exclusions and Deductions

Exclusions (Attach supporting documentation)

Net worth from line 5 above. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Book value of the investments by the taxpayer in the equity of other taxpayers

doing business in Alabama. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Financial institutions, only – Book value of the investments in other

corporations or LLE’s that are not doing business in Alabama if the taxpayer owns

more than 50 percent of the corporation or LLE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Unamortized portion of goodwill and core deposit intangibles resulting from a direct purchase. . . . .

Unamortized balance of properly elected post-retirement benefits pursuant to FASB 106. . . . . . . . .

Financial institutions, only – The amount adjusted net worth

exceeds six percent of total assets (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Total exclusions (sum of lines 2-6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net worth subject to apportionment (line 1 less line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Apportionment factor (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

— — — — %

— — —

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

Deductions (Attach supporting documentation)

Net investment in bonds and securities issued by the State of Alabama or

political subdivision thereof, when issued prior to January 1, 2000. . . . . . . . . . . . . . . . . . . . . . . . . . .

Net investment in all air, ground, or water pollution control devices in Alabama. . . . . . . . . . . . . . . . .

Reserves for reclamation, storage, disposal, decontamination, or retirement associated with a

plant, facility, mine or site in Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Book value of amount invested in qualifying low income housing projects (see instructions) . . . . . . .

Total deductions (add lines 11-14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Taxable Alabama net worth (line 10 less line 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

17a Federal Taxable Income (see instructions) . . . . . . . . . . . . . . . . . .

17a

17b Tax rate (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

17b

— — — — —

Gross privilege tax calculated (multiply line 16 by line 17b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Alabama enterprise zone credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Privilege Tax Due (line 18 less line 19) (minimum $100, for maximum see instructions)

Enter also on Form CPT, page 1, line 10, Privilege Tax Due. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

With the exception of initial returns, an Alabama Schedule AL-CAR,

Corporation Annual Report, must be completed and attached to this return.

Also, a $10 Secretary of State Corporate Annual Report fee

must be recorded on page 1, line 7, of this form.

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