Form Psa - Alabama Business Privilege Tax Return, Corporate Shares Tax Return, And Annual Report - 2001 Page 2
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4Schedule A – Net Worth Computation
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, include dividends payable. For LLC’s taxed as
corporations and non-stock issuing entities, enter assets minus liabilities . . . . . . . . . . . . . . . . . . . . . . .
2
3 Amount of Schedule C, lines 11b plus 11c that exceeds the sum of lines 1 and 2 above . . . . . . . . . . .
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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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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6 Total net worth (add lines 1-5). (If this line is less than $57,000, go to Schedule B, line 26 and pay minimum tax.) . . . . . . . . . . . . . . . . . .
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Limited Liability Entities (LLE's)
7 Sum of the partners’/members’ capital accounts, but not less than zero . . . . . . . . . . . . . . . . . . . . . . . .
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8 For LLE's all compensation, distributions, or similar amounts
paid to a partner/member in excess of $500,000.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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9 Amount of Schedule C, lines 11b plus 11c that exceeds line 7 above . . . . . . . . . . . . . . . . . . . . . . . . . .
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10 Total net worth (add lines 7, 8 and 9). (If this line is less than $57,000, go to Schedule B, line 26 and pay minimum tax.) . . . . . . . . . . . . .
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Disregarded Entities & Business Trusts
11 Assets minus liabilities for all business trusts. (Go to Schedule B, line 1.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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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 Schedule B, line 26.) (Attach name and FEIN of single member.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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13 Assets minus liabilities for all disregarded entities that have as a single member an entity
that is not subject to the privilege tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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14 Amount of Schedule C, lines 11b plus 11c that exceeds line 13 above . . . . . . . . . . . . . . . . . . . . . . . . .
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15 For disregarded entities all compensation, distributions,
or similar amounts paid to a member in excess of $500,000.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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16 Total net worth (sum of lines 13, 14 and 15 and go to Schedule B, line 1.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Schedule B – Privilege Tax Exclusions and Deductions
Exclusions (Attach supporting documentation)
1 Net worth from above.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2 Book value of the investments by the taxpayer in the equity of other taxpayers
doing business in Alabama (Schedule D, line 11a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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3 In the case of financial institutions, 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’s (Schedule D, line 11b). . . . . . . . . . . . . . . . . . . . . . . .
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4 Unamortized portion of goodwill and core deposit intangibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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5 Unamortized balance properly elected pursuant to FASB 106 (post-retirement benefits). . . . . . . . . . . .
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6 In the case of financial institutions, the amount of net worth as adjusted
that exceeds six percent of assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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7 Total exclusions (sum of lines 2-6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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8 Net worth subject to apportionment (line 1 minus line 7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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9 Apportionment factor (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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— — — — %
— — —
10 Total Alabama net worth (multiply line 8 by line 9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Deductions (Attach supporting documentation)
11 Net investment in bonds and securities issued by the State of Alabama or
political subdivision thereof, when issued prior to January 1, 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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12 Net investment in all air, ground, or water pollution control devices in Alabama. . . . . . . . . . . . . . . . . . .
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13 Net investment in all airline hub equipment in Alabama.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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14 Book value of amount invested under Section 40-14A-24(b)(4) (minimum $100 million investment) . .
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15 Book value of amount invested under Section 40-14A-24(b)(5) (aluminum manufacturing facility) . . . .
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16 Reserves for reclamation, storage, disposal, decontamination, or retirement associated with a
plant, facility, mine or site in Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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17 Book value of amount invested under Section 40-14A-24(b)(7) (low income housing projects) . . . . . .
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18 30 percent of Alabama S corporation's taxable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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19 Total deductions (add lines 11-18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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20 Taxable net worth (line 10 minus line 19) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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21 Tax rate (from Tax Rate Schedule, page 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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22 Gross privilege tax calculated (multiply line 20 by line 21) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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23 Proration percentage (calendar year entities enter 100%, all others see instructions) . . . . . . . . . . . .
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24 Net privilege tax (multiply line 22 by line 23) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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25 Alabama enterprise zone credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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26 Privilege tax due (line 24 minus line 25) (minimum $100, maximum see Tax Rate Schedule, chart 2). . . . . . . . . . . . . . . . . . . . . . . . . . . .
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