HB336 Alabama 2014 Session

Updated Feb 24, 2026

Summary

Primary Sponsor: Jack Williams
Republican
Session: Regular Session 2014
Title: Taxation, to extend tax due date for taxpayers subject to the financial institution excise tax, Sec. 40-14A-22 am'd.
Summary: HB336 would move the financial institution business privilege tax due date from March 15 to April 15 to align with the financial institution excise tax, and establish corresponding due dates for financial institution groups.
What This Bill Does
It amends the relevant law to push the business privilege tax due date for taxpayers subject to the financial institution excise tax from March 15 to April 15. It pairs this change with corresponding tax return due dates for financial institutions, including group filing arrangements. The bill preserves existing tax structures, minimums, and group liability rules, so the change mainly affects when returns are due, not the tax rates or base calculations.

Who It Affects
Financial institutions subject to the financial institution excise tax: their business privilege tax return due date would move from March 15 to April 15, giving them more time to prepare after the FI excise tax information is available.
Financial institution groups (affiliated groups and their member entities): group filing options and the allocation of liability among group members are maintained, with corresponding due dates for group returns and rules governing when a single group return can be filed.

Key Provisions
Amends Section 40-14A-22 to change the business privilege tax due date for taxpayers subject to the financial institution excise tax from March 15 to April 15.
Provides for corresponding tax return due dates for financial institutions, including group filing arrangements (common parent filing a single group return, joint and several liability among group members).
Preserves the existing minimum and maximum tax framework and deposit-based minimums for financial institutions and their groups, with no change to tax rates or base calculations.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Taxation