Instructions For Completing Application For Certificate Of Authority For Alabama Secretary Of State Form printable pdf download

Instructions For Completing Application For Certificate Of Authority For Alabama Secretary Of State Form

FT: 1-4

LABAMA

EPARTMENT OF

EVENUE

8/98

NDIVIDUAL AND

ORPORATE

IVISION

Instructions For

Newly Qualifying Foreign Corporation

Required by Alabama Department of Revenue:

1. An Admission Tax Return (Form FT 1-5) must be completed and admission tax paid based on the Total Alabama Capital

employed during the year of qualification. The minimum admission tax due is $25.00. If the actual Total Alabama Capital

as reflected on the subsequent year Foreign Corporation Franchise Tax Return, Permit Application, and Annual Report

(Form FT 1-1) exceeds the Total Alabama Capital reported at the time of qualification, additional admission tax with

interest will be due.

2. A Foreign Corporation Franchise Tax Return, Permit Application, and Annual Report (Form FT 1-1IN) must be

completed and franchise tax and permit fee paid based on the Total Alabama Capital. The foreign franchise tax rate is

$3.00 for each $1000.00 of capital employed in Alabama with a minimum franchise tax due of $25.00. The permit fee

ranges in increments from a minimum of $5.00 to a maximum of $100.00 depending on the amount of capital employed

in Alabama. A corporation qualifying to do business in Alabama between July 1 and December 31 will only be subject to

half the amount of franchise tax due (half year minimum is $12.50); however, the permit fee will not be prorated.

3. A check payable to Alabama Department of Revenue for the amount of admission tax, franchise tax, and permit fee due

must be submitted with the completed Forms FT 1-5, and FT 1-1IN.

4. Payment of the initial foreign franchise tax and permit fee covers the period from the date of qualification to December 31

of that year. After the year of qualification, the Foreign Corporation Franchise Tax Return, Permit Application, and

Annual Report (Form FT 1-1) is a calendar year return due January 1 and delinquent after March 15 and must be filed

annually until legally withdrawn. Penalties and interest will be assessed against corporations that are delinquent in filing

and/or paying.

5. Mailing address:

Alabama Department of Revenue

Individual and Corporate Tax Division

Foreign Franchise Tax Section

P. O. Box 327330

Montgomery, AL 36132-7330

Phone (334) 242-9807

(OVER)

Instructions For Completing Application For Certificate Of Authority For Alabama Secretary Of State Form