Form Ppt - Alabama Business Privilege Tax Return And Annual Report - 2011 Page 2
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4FORM
BUSINESS PRIVILEGE
Alabama Department of Revenue
110002PP
TAXABLE/FORM YEAR
PPT
Alabama Business Privilege Tax Pass-Through Entity
2011
Privilege Tax Computation Schedule
PAGE 2
1a. FEIN
1b. LEGAL NAME OF BUSINESS ENTITY
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)
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but not less than zero. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
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2 Retained earnings, but not less than zero, including dividends payable. . . . . . . . . . . . . . . .
2
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3 Gross amount of related party debt exceeding the sums of line 1 and 2. . . . . . . . . . . . . . . .
3
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4 All payments for compensation, distributions, or similar amounts in excess of $500,000.. . .
4
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5 Total net worth (add lines 1-4). Go to Part B, line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
II. Limited Liability Entities (LLE's)
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6 Sum of the partners’/members’ capital accounts, but not less than zero . . . . . . . . . . . . . . .
6
7 All compensation, distributions, or similar amounts paid to a partner/member in
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excess of $500,000.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
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8 Gross amount of related party debt exceeding the amount on line 6.. . . . . . . . . . . . . . . . . .
8
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9 Total net worth (add lines 6, 7 and 8). Go to Part B, line 1. . . . . . . . . . . . . . . . . . . . . . . . . .
9
III. Disregarded Entities
10 (Reserved for future use.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
11 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 19.)
Single Member Name: •
FEIN: •
12 Assets minus liabilities for all disregarded entities that have as a single member an entity
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that is not subject to the privilege tax.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
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13 Gross amount of related party debt exceeding the amount on line 12 . . . . . . . . . . . . . . . . .
13
14 For disregarded entities, all compensation, distributions,
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or similar amounts paid to a member in excess of $500,000. . . . . . . . . . . . . . . . . . . . . . . .
14
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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)
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1 Total net worth from Part A – line 5, 9, or 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2 (Reserved for future use.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
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3 Unamortized portion of goodwill resulting from a direct purchase. . . . . . . . . . . . . . . . . . . . .
3
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4 Unamortized balance of properly elected post-retirement benefits pursuant to FASB 106. . .
4
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5 Total exclusions (sum of lines 2-4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
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6 Net worth subject to apportionment (line 1 less line 5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
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.
%
7 Apportionment factor (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
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8 Total Alabama net worth (multiply line 6 by line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
Deductions (Attach supporting documentation) (See Instructions)
9 Net investment in bonds and securities issued by the State of Alabama or
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political subdivision thereof, when issued prior to January 1, 2000. . . . . . . . . . . . . . . . . . . .
9
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10 Net investment in all air, ground, or water pollution control devices in Alabama. . . . . . . . . .
10
11 Reserves for reclamation, storage, disposal, decontamination, or retirement
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associated with a plant, facility, mine or site in Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
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12 Book value of amount invested in qualifying low income housing projects (see instructions)
12
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13 30 percent of federal taxable income apportioned to Alabama, but not less than zero . . . . .
13
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14 Total deductions (add lines 9-13). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
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15 Taxable Alabama net worth (line 8 less line 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
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16a Federal Taxable Income Apportioned to AL . . .
16a
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.
16b Tax rate (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16b
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17 Gross privilege tax calculated (multiply line 15 by line 16b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
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18 Alabama enterprise zone credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
19 Privilege Tax Due (line 17 less line 18) (minimum $100, for maximum see instructions)
Go to Page 1 of PPT
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Enter also on Form PPT, page 1, line 9, Privilege Tax Due (must be paid by the original due date of the return) . . . . . . . . . . . . . . . .
19
S-corporations must complete and attach an Alabama Schedule AL-CAR, and enter $10 for the corporate annual report fee on line 6, page 1.
Other (noncorporate) pass-through entities are not required to file an Alabama Schedule AL-CAR or pay the corporate annual report fee.
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