Some business credits are required to be submitted through My Alabama Taxes (MAT) at www.myalabamataxes.alabama.gov. For these credits, log in to the taxpayer’s MAT account, click on the link for the Financial Institution Excise Tax account, under the “I Want To” section select “Submit a Credit Claim.” Choose the credit being claimed from the drop-down menu, complete the submission with the taxpayer’s information, and attach the supporting documentation or certificate. If you do not have a MAT account or the MAT Online Registration Card with the account information needed to set up a MAT account, please contact the Business Income Tax Section at 334-242-1170, option 6 to request this information.
Schedule EC. The Alabama Department of Revenue now requires the use of Schedule EC, when claiming business tax credits. The schedule allows the taxpayer to compute the total amount of tax credits allowable. The amounts entered on the Schedule EC will carry over to the Form ET-1, page 1, line 17. This schedule must be submitted with the return to receive credit(s). See instructions for Schedule EC for additional information.