Annual Report Changes

There are important changes to current filings of Alabama ("AL") Forms CPT (corporate privilege tax) and PPT (pass-through privilege tax), as well as the AL Secretary of State Corporation Annual Report that businesses need to be aware of in order to meet the March 15^th Annual Report filing deadline.

Corporation Annual Report

In prior years, the AL Secretary of State Corporation Annual Report and $10 report fee were filed and paid with the Form CPT (previous Schedule AL-CAR). Beginning January 1, 2024, this is no longer allowed. As a result, the Annual Report must be filed separately via the Secretary of State's office no later than March 15, 2024:

https://al.accessgov.com/business-filings/Forms/Page/business-filings/annual-report/1 

As a reminder, the Annual Report filing requirement only applies to for-profit corporations. LLCs, LPs, LLPs, etc., are not required to file.

2024 AL Forms CPT and PPT

For taxable years ending on December 31, 2023 or fiscal years ending during 2024, if the calculated privilege tax is $100 or less, there is no tax due and no filing requirement. 

For businesses whose privilege tax exceeds $100, Form CPT/PPT is due on the same day as the federal income tax return, including extensions.

Please contact your local Rödl & Partner representative with any questions. 

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