Alabama Administrative Code
Title 810 - ALABAMA DEPARTMENT OF REVENUE
Chapter 810-27-1 - MULTISTATE TAX COMPACT
Section 810-27-1-.15 - Sales Factor
Current through Register Vol. 42, No. 11, August 30, 2024
(1) Sales Factor: In General.
(2) Sales Factor: Denominator. The denominator of the sales factor shall include the total gross receipts derived by the taxpayer from transactions or activity in the regular course of its trade or business except receipts excluded under Rule 810-27-1-.18(4).
(3) Sales Factor: Numerator. The numerator of the sales factor shall include gross receipts from sales attributable to Alabama and derived by the taxpayer from transactions or activity in the regular course of its trade or business. All interest income, service charge, carrying charges, or time-price differential charges incidental to such gross receipts shall be included regardless of (1) the place where the accounting records are maintained or (2) the location of the contract or other evidence of indebtedness.
(4) Sales Factor: Under the Completed Contract Method of Accounting. For taxpayers utilizing the completed contract method of reporting income, the receipts from such contracts completed during the tax period shall be included in the sales factor. Other receipts not directly attributable to the completed contracts shall be included in the sales factor as otherwise provided in this rule.
Author: Holly H. Coon
Statutory Authority: Code of Ala. 1975, §§ 40-2 A-7 (a) (5), 40-18-57.