Every corporation organized under the laws of this state, except strictly benevolent, educational, or religious corporations, shall pay annually to the state an annual franchise tax based on its capital stock as follows:
provided that in no event shall the amount paid by any corporation for annual franchise tax be less than the sum of $50.
Structure Code of Alabama
Title 40 - Revenue and Taxation.
Section 40-14-40 - (Not Effective After December 31, 1999) Amount of Levy on Domestic Corporations.
Section 40-14-41 - (Not Effective After December 31, 1999) Levy on Foreign Corporations.
Section 40-14-42 - Corporations Merged or Consolidated.
Section 40-14-43 - Remittance of Tax.
Section 40-14-44 - Written Statement to Department of Revenue - Filing.
Section 40-14-46 - One-Half Year Tax.
Section 40-14-47 - Calendar Year Tax.
Section 40-14-48 - Reports to Department to Be Made Upon Blanks.
Section 40-14-49 - Dissolution of Corporations.
Section 40-14-52 - Does Not Affect Privilege License Tax.
Section 40-14-53 - Domestic Corporations - Franchise Tax Return Due Within 10 Days of Incorporation.
Section 40-14-54 - Foreign Corporations - Franchise Tax Return Due Within 10 Days of Qualification.
Section 40-14-55 - Money Collected Paid Into Treasury.
Section 40-14-56 - Receivership or Trusteeship.
Section 40-14-58 - Promulgation of Rules and Regulations to Administer and Enforce Taxes.