Form Cpt - Alabama Business Privilege Tax Return And Annual Report - 2011 Page 2
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2FORM
BUSINESS PRIVILEGE
Alabama Department of Revenue
110002CP
TAXABLE/FORM YEAR
CPT
Alabama Business Privilege Tax C-Corporation
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
Corporations & Entities Taxed as Corporations
1 Issued capital stock and additional paid in capital (without reduction for treasury stock)
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1
but not less than zero. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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
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2
minus liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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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 or similar amounts in excess of $500,000. . . . . . . . . . . . . .
4
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5 Total net worth (add lines 1-4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
PART B – PRIVILEGE TAX EXCLUSIONS AND DEDUCTIONS
Exclusions (Attach supporting documentation) (See Instructions)
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1 Total net worth from line 5 above. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2 (Reserved for future use.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Financial institutions, only – Book value of the investments in other corporations or LLE’s
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3
if the taxpayer owns more than 50 percent of the corporation or LLE. . . . . . . . . . . . . . . . .
4 Unamortized portion of goodwill and core deposit intangibles resulting from a direct
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purchase. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
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5
5 Unamortized balance of properly elected post-retirement benefits pursuant to FASB 106. .
6 Financial institutions, only – The amount adjusted net worth
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exceeds six percent of total assets (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
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7 Total exclusions (sum of lines 2-6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
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8
8 Net worth subject to apportionment (line 1 less line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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.
%
9 Apportionment factor (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
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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
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political subdivision thereof, when issued prior to January 1, 2000. . . . . . . . . . . . . . . . . . .
11
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12
12 Net investment in all air, ground, or water pollution control devices in Alabama. . . . . . . . . .
13 Reserves for reclamation, storage, disposal, decontamination, or retirement associated
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with a plant, facility, mine or site in Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
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14 Book value of amount invested in qualifying low income housing projects (see instructions)
14
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15
15 Total deductions (add lines 11-14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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16 Taxable Alabama net worth (line 10 less line 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
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17a Federal Taxable Income Apportioned to AL. . .
17a
.
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17b
17b Tax rate (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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18 Gross privilege tax calculated (multiply line 16 by line 17b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
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19 Alabama enterprise zone credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
20 Privilege Tax Due (line 18 less line 19) (minimum $100, for maximum see instructions)
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Enter also on Form CPT, page 1, line 9, Privilege Tax Due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Full payment of any amount due for a taxable year is due by the original
due date of the return (without consideration of any filing extensions in place).
C-Corporations must complete and attach
an Alabama Schedule AL-CAR, and enter $10 for
the corporate annual report fee on line 6, page 1.
ADOR
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