Following up on the Federal announcement this morning, the Alabama Department of Revenue announced this afternoon that Alabama taxpayers can defer state income tax payments due on or after April 1, 2020 (previously April 15,, 2020) and before July 15, 2020, to July 15, 2020 without penalties and interest, regardless of the amount owed. This deferment applies to individuals, trusts and estates, corporations, fiscal year S-Corporations and fiscal year partnerships.
These extensions also apply to Business Privilege Tax and Financial Institution Excise Tax.
We will continue to keep you informed as additional information becomes available and please do not hesitate to reach out if you have any questions.
Continued best wishes, and we hope you and your families have a very Happy Easter weekend.
The Partners of
Russell Thompson Butler & Houston, LLP