Today is Monday, November 24, 2014
Important Notices!
*****  Administrative Law Division Move Effective October 1st, 2014  *****
The Taxpayer Fairness Act transfers Revenue's Administrative Law Division to the newly-created Alabama Tax Tribunal; their website is now http://taxtribunal.alabama.gov/.
 
ADOR - Interest Rates

 

Interest Rates by Calendar Quarter

(As Established by 26 USCA 6621, According to Section 40-1-44, Code of Alabama 1975)
  1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
2014 3% 3% 3% 3%
2013 3% 3% 3% 3%
2012 3% 3% 3% 3%
2011 3% 4% 4% 3%
2010 4% 4% 4% 4%
2009 5% 4% 4% 4%
2008 7% 6% 5% 6%
2007 8% 8% 8% 8%
2006 7% 7% 8% 8%
2005 5% 6% 6% 7%
2004 4% 5% 4% 5%
2003 5% 5% 5% 4%
2002 6% 6% 6% 6%
2001 9% 8% 7% 7%
2000 8% 9% 9% 9%
1999 7% 8% 8% 8%
1998 9% 8% 8% 8%
1997 9% 9% 9% 9%
1996 9% 8% 9% 9%
1995 9% 10% 9% 9%
1994 7% 7% 8% 9%
1993 7% 7% 7% 7%
1992 9% 8% 8% 7%

(Formula example:  3% ÷ 365 = daily rate x No. of days late x tax = interest due)

According to Section 40-1-44 of the Code of Alabama 1975, the Alabama Department of Revenue will calculate interest on underpayments and overpayments (where applicable) at the same annual rate, with the exception of land sold by the state for taxes, which shall be calculated at 12% as provided for under Section 40-5-9.

This page last updated September 9, 2014.