Alabama Administrative Code
Title 810 - ALABAMA DEPARTMENT OF REVENUE
Chapter 810-14-1 - TAXPAYERS; BILL OF RIGHTS AND UNIFORM REVENUE PROCEDURES
Section 810-14-1-.34 - Interest On Underpayment Of Tax
Current through Register Vol. 43, No. 02, November 27, 2024
(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:
(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.
Author: George Mingledorff
Statutory Authority: Act 92-186.