Corporate Income Tax
6.5% of taxable income allocated to the business done in Alabama.  Taxable income generally computed in accordance with federal law with some variation.  Tax rate effective in Year 2000.

Corporate Share Assessment Tax
(Domestic Corporations Only)
$4.05 per $100.00 based on 20% of value of outstanding stock less value of real and personal property otherwise assessed and less inventory.

City license
City license is based on gross sales of the company. City licenses range from $100 to $2000.

State and County Privilege License
Ranges for $16.00 on capital investment of less than $15,000 to $301.00 on investment of $1,000,000 and over

State Unemployment Tax
Employee - No contribution
Employer - Based on first $8,000 of each employee's compensation.  Rates vary from 0.5% to 5.4%.  Rates are based on employer's experience rating.

Annual Corporate Permits
Domestic - $10.00 to $100.00 based upon "capital."
Foreign - $5.00 to $100.00 based upon "capital" in state.

Real and Personal Property Tax
Based on 20% of fair market value (tax assessor's appraised value) of land buildings, machinery, equipment, furniture, etc.