ALABAMA DEPARTMENT OF REVENUE
ADMINISTRATIVE CODE
TABLE OF CONTENTS
810-2-6-.01 Form FT2-1_- Domestic Corporation Franchise
Tax_Return, Permit Application, And Annual Report. See Exhibit 1. (See Exhibit in Master Code.)Author:
Statutory Authority: Code of Ala. 1975, § 40-14-44.
History:
810-2-6-.02 Form FTI-1 Foreign Corporation Franchise Tax_Return,_Permit_Application,_And_Annual_Report. See Exhibits 2 and 4 (Foreign Insurance Companies Only). (See Exhibits in Master Code.)
Author:
Statutory Authority: Code of Ala. 1975, § 40-14-44.
History:
810-2-6-.03 Form FTI-1A Foreign Franchise Tax Extension_Request, Permit Application, And Annual Report. See Exhibit 3. (See Exhibit in Master Code.)
Author:
Statutory Authority: Code of Ala. 1975, § 40-14-44.
History:
810-2-6-.04 Form 1-28 - Foreign Corporations, Newly_Qualifying, Form To Be_Used By. See Exhibit 5. (See Exhibit in Master Code.)
Author:
Statutory Authority: Code of Ala. 1975, § 40-14-44.
History:
810-2-6-.05 Form FTS10_- Tax Return For Assessment Of Shares_Of_Domestic_Corporations. See Exhibit 6. (See Exhibit in Master Code.) Instructions for filing this return are as follows, and failure to answer all questions and furnish the required information for use in determining the value of the shares may render the return unacceptable.
(a) The return (Form FTS 10 - Exhibit 6) is due on October 1, 1981 and thereafter and delinquent after the third Monday in January of 1982.
(b) Failure to file this return, with attachments listed below, with the Department of Revenue, shall result in a ten percent (10%) penalty automatically attached by statute.
(c) Attach to the copy of the Return to be filed with the Department of Revenue a true and correct copy of the Balance Sheet, corresponding Profit and Loss Statement, and Reconciliation of Retained Earnings for the annual of fiscal closing period of the corporate books between October 1, 1980 and October 1, 1981.
(d) Assets listed as "Investments" in the Balance Sheet submitted should be separately itemized to show the name and acquisition cost of any Alabama Corporate Stock owned and held by the Corporation.
(e) In the Asset section of the Balance Sheet the net Book Value (cost less accumulated depreciation) of all Motor Vehicles owned by and assessed to and taxes paid by the corporation should be separately shown.
(f) In the Corporation owns Real and/or Personal Property situated outside the State, a schedule of such property should be attached showing the Book Value of such property and the names of the States in which the property is located. The book value is now allowed as a deduction from the total value of shares of stock by law.
(g) Below should be listed the various Alabama Counties in which the Corporation owns tangible property and has rendered an ad valorem tax assessment for the current tax year. Copies of all Certificates of Assessment must be_attached to this return showing the assessed value of the_property by the county assessing authority.
COUNTY ______________ _______________ ______________
______________ _______________ ______________
______________ _______________ ______________
(h) The actual location of the Home or Chief Office of the Corporation should be shown as the address of the Corporation. Of the Officer of the Corporation who signs the return does not receive mail at the Home Office of the Corporation, his actual address should be shown. While Post Office Boxes may be used in conjunction with the actual address, Post Office Box addressed alone will not be acceptable as sufficient addresses. See Code of Ala. 1975, §§ 40-14-70 through 40-14-74, as amended.
Author:
Statutory Authority: Code of Ala. 1975, § 40-14-70.
History:
810-2-6-.06 Form FT4-1 Registration Of Securities By An_Agent. See Exhibit 7. (See Exhibit in Master Code.)
Author:
Statutory Authority: Code of Ala. 1975, § 40-24-3.
History:
810-2-6-.07 Form FT4-2 Registration Of Securities By Owner. See Exhibit 8. (See Exhibit in Master Code.)
Author:
Statutory Authority: Code of Ala. 1975, § 40-24-3.
History:
810-2-6-.08 Registration Of Securities_- Reference 40-24-1_Through_40-24-8. See Exhibit 9. (See Exhibit in Master Code.)
Author:
Statutory Authority: Code of Ala. 1975, § 40-24-3.
History:
810-2-6-.09 Petition For Refund-Money Paid Erroneously To The_Department Of Revenue (Form FT8-2).
810-2-6-.10 Annual Report Of License Tax On Telephone_Business To The State Department Of Revenue (Form FT5-8).
810-2-6-.11 Domestic Corporation Franchise Tax Return_Instructions (Form FT2-14).
810-2-6-.12 Application For Agents Occupational License As A_Mortgage Loan Broker (Form FT6-2).
810-2-6-.13 Schedule Of Capital Employed By Foreign Insurance_Corporations (Form FT1-26).
810-2-6-.14 Instruction For Preparation Of Annual Foreign_Corporation Franchise Tax Return And Annual Report-Franchise_Tax Extension Request And Permit Application (Form FT1-2).
810-2-6-.15 2.2% Gross Receipts Tax Annual Report (Form_FT5-7).
810-2-6-.16 Hydro-Electric Company Gross Receipts Annual_Report (Franchise Tax Form FT5-24).
Author:
Statutory Authority: Code of Ala. 1975, § 40-14-44.
History:
810-2-6-.17 Railroad Annual Ad Valorem Tax Data Report (Form_FT5-16).
810-2-6-.18 Utility Companies Statement Of Additions To_Property In Alabama (Form FT5-2).
Author:
Statutory Authority: Code of Ala. 1975, § 40-14-44.
History:
810-2-6-.19 Freight Line And Equipment Companies-Annual_Report To State Department Of Revenue (Form FT3-1).
Author:
Statutory Authority: Code of Ala. 1975, § 40-14-44.
History:
810-2-6-.20 Water Company Annual Report (Form 5-15).
810-2-6-.21 Other Than Class "A" Telephone Company Annual_Report (Form FT5-17).
810-2-6-.22 Electric Cooperative Annual Report (Form FT5-18).
810-2-6-.23 Radio Common Carriers Annual Report (Form_FT5-20).
810-2-6-.24 Annual Report To State Of Alabama For Commercial_Airlines Return Of Property (Form FT5-14).
810-2-6-.25 Railroad Return Of Freight Line Equipment (Form_FT3-4).
EXHIBIT 1
EXHIBIT 2
EXHIBIT 3
EXHIBIT 4
SCHEDULE-CAPITAL EMPLOYED BY FOREIGN INSURANCE CORPORATIONS
This schedule is to be attached to Franchise Tax Return and Permit Application filed with the Department of Revenue by insurance companies qualifying or qualified to do business in Alabama in lieu of completing Sections A, B, C, D and F. All items on this form must be completed.
CAPITAL EMPLOYED IN ALABAMA FOR 19___
A. Book values of Alabama real estate and improvements ____________________
B. Supplies located as Alabama (estimated value) ____________________
C. Higher of book value or assessed value of all ____________________
personal property located in Alabama
D. Average period's payroll for all Alabama salaried ____________________
employees
E. Average monthly payment to Alabama insurance brokers ____________________
and agents
F. Amount of rent paid in Alabama for one month ____________________
G. Alabama accounts receivable exclusive of policy loans ____________________
and recorded real estate mortgages
H. Cash on deposit in Alabama banks which is used in ____________________
Alabama operations
I. Unauthorized leasehold improvements in Alabama ____________________
J. Securities on deposit in Alabama ____________________
K. Securities issued by State of Alabama or political ____________________
subdivision thereof
L. Mortgages receivable on Alabama real state ____________________
M. Other assets located in Alabama and employed in ____________________
Alabama activities
CAPITAL EMPLOYED (Enter Line 11. Section E) ____________________
[COMPLETE] LINES 11. THROUGH 16. SECTION E OF FORM FT 1-1 FOR FRANCHISE TAX PURPOSES
______________________________________
Corporate name
______________________________________
Address
______________________________________
EXHIBIT 5
FORM TO BE USED BY NEWLY QUALIFYING FOREIGN CORPORATIONS TO DETERMINE AMOUNT OF ALABAMA CAPITAL EMPLOYED AT DATE OF QUALIFICATION. THE AMOUNT THUS DETERMINED IS THE TAX MEASURE FOR BOTH FOREIGN CORPORATION FRANCHISE TAX AND FOREIGN CORPORATION PERMIT FEE.
This schedule should be completed showing the corporation's Alabama status at date of qualification. If this schedule is submitted with the initial return will not be necessary to complete Sections A through F on the Franchise Tax form. The sum of items 1 through 5 below should be entered as the Alabama Franchise Tax Base in Section E.
1. Alabama Cash ____________________
2. Alabama Accounts Receivable ____________________
3. Alabama Inventory ____________________
4. Alabama Tangible Property, exclusive of inventory of ____________________
book value
5. Alabama Assets (either tangible or nontangible not ____________________
included in 1 through 4 above
ALABAMA FRANCHISE TAX BASE (Enter in Section E) ____________________
______________________________________
Corporate Name
______________________________________
Address
______________________________________
EXHIBIT 6
EXHIBIT 7
EXHIBIT 8
EXHIBIT 9