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Alabama Code Title 40. Revenue and Taxation § 40-14-40

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Every corporation organized under the laws of this state, except strictly benevolent, educational, or religious corporations, shall pay annually to the state an annual franchise tax based on its capital stock as follows:

For the tax year

Rate on each $1,000


of capital stock

January 1, 1984


And all tax years thereafter


provided, that in no event shall the amount paid by any corporation for annual franchise tax be less than the sum of $50.

Cite this article: - Alabama Code Title 40. Revenue and Taxation § 40-14-40 - last updated December 30, 2022 |

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