{"id":4384,"date":"2023-01-11T09:03:29","date_gmt":"2023-01-11T15:03:29","guid":{"rendered":"https:\/\/cookco.us\/news\/?p=4384"},"modified":"2023-01-11T09:03:37","modified_gmt":"2023-01-11T15:03:37","slug":"alabama-business-privilege-tax","status":"publish","type":"post","link":"https:\/\/cookco.us\/news\/alabama-business-privilege-tax\/","title":{"rendered":"Alabama Business Privilege Tax"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">HB391, Act #2022-252 Reduces the Minimum BPT from $100 to $50 for 2023<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Alabama<\/strong>\u00a0<strong>Tax<\/strong>\u00a0Changes Effective January 1,\u00a0<strong>2023<\/strong>\u00a0Under current law,\u00a0<strong>Alabama<\/strong>\u2019s\u00a0<strong>business<\/strong>\u00a0<strong>privilege<\/strong>\u00a0<strong>tax<\/strong>\u00a0has a minimum payment of $100 per year, but that minimum will phase out as a result of H.B. 391, enacted in April 2022. Starting in\u00a0<strong>2023<\/strong>, the minimum tax owed will decrease from $100 to $<strong>50<\/strong> and in 2024 it will be phased out.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Sources:<\/em> <a href=\"http:\/\/alisondb.legislature.state.al.us\/ALISON\/SearchableInstruments\/2022rs\/PrintFiles\/HB391-int.pdf\" data-type=\"URL\" data-id=\"http:\/\/alisondb.legislature.state.al.us\/ALISON\/SearchableInstruments\/2022rs\/PrintFiles\/HB391-int.pdf\">HB391<\/a> and <a href=\"https:\/\/arc-sos.state.al.us\/ucp\/L0924472.AI1.pdf\" data-type=\"URL\" data-id=\"https:\/\/arc-sos.state.al.us\/ucp\/L0924472.AI1.pdf\">Act 2022-252<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HB391, Act #2022-252 Reduces the Minimum BPT from $100 to $50 for 2023 Alabama\u00a0Tax\u00a0Changes Effective January 1,\u00a02023\u00a0Under current law,\u00a0Alabama\u2019s\u00a0business\u00a0privilege\u00a0tax\u00a0has a minimum payment of $100 per year, but that minimum will phase out as a result of H.B. 391, enacted in April 2022. Starting in\u00a02023, the minimum tax owed will decrease from $100 to $50 and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3817,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"2023-01-11T15:01:07Z","apple_news_api_id":"bfa944c6-3bc5-48bb-ba8e-02a012e074eb","apple_news_api_modified_at":"2023-01-11T15:01:07Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/Av6lExjvFSLu6jgKgEuB06w","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-4384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax"],"apple_news_notices":[],"_links":{"self":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts\/4384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/comments?post=4384"}],"version-history":[{"count":0,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts\/4384\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/media\/3817"}],"wp:attachment":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/media?parent=4384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/categories?post=4384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/tags?post=4384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}