ALABAMA DEPARTMENT OF REVENUE
OFFICE OF THE COMMISSIONER
TAXPAYERS' BILL OF RIGHTS
AND UNIFORM REVENUE PROCEDURES
810-14-1-.34. Interest on Underpayment of Tax.
(1) Interest shall be added to any tax or other amount due the
Department which is not paid by the due date. Interest on any delinquency shall
be charged from the due date of the tax, except for the following:
- (a) interest on delinquent license taxes levied under Chapter
12 of Title 40, Code of Alabama 1975, shall be charged from the delinquent
date as provided in subsection (e) of Section 40-12-10, Code of Alabama
1975;
- (b) interest on delinquent license tax and registration fees
levied on motor vehicles shall be charged beginning after the period allowed
for registration or renewal; and
- (c) interest on the freight lines and equipment companies tax
levied in Section 40-21-52, Code of Alabama 1975, shall be charged
from the delinquent date thereof.
(2) Interest shall be computed based on the underpayment rate established
by the Secretary of the Treasury from time to time under the authority of 26 USC
Section 6621.
(3) In determining the last date prescribed for payment, any extension
of time granted for payment of tax or any other amount due shall be disregarded.
The granting of an extension of time for filing a return does not relieve the
taxpayer from liability for the payment of interest thereon during the period
of the extension.
(Act 92-186) (Adopted through APA effective August 19, 1993)
Office of the Commissioner Rules Numeric Index