What taxpayers must file an Alabama Business Privilege Tax return?
According to the Alabama business privilege tax law, every corporation, limited liability entity, and disregarded entity doing business in Alabama or is organized, incorporated, qualified, or registered under the laws of Alabama is required to file an Alabama Business Privilege Tax Return and Annual Report. C-corporations, Financial Institution Groups, insurance companies, REITs, and business trusts must file Alabama Form CPT. Limited liability entities taxed as corporations for federal income tax purposes must also file Alabama Form CPT. S-corporations, limited liability entities and disregarded entities must file Alabama Form PPT.
