Interest on any final assessment accrues from the date of entry of the final assessment on the total amount of its components including tax, interest, and any penalty, as one lump sum amount. The preceding sentence is a restatement of current law as it applies to interest accrual after final assessment. Notwithstanding any provision of Act 2001-1088, this section shall apply to all open tax years as of the effective date of Act 2001-1088 and for all subsequent tax years.
Structure Code of Alabama
Title 40 - Revenue and Taxation.
Chapter 2A - Alabama Taxpayers' Bill of Rights and Uniform Revenue Procedures Act.
Section 40-2A-1 - Short Title.
Section 40-2A-2 - Legislative Intent; Scope; Exclusiveness.
Section 40-2A-3 - Definitions.
Section 40-2A-4 - Taxpayers' Bill of Rights.
Section 40-2A-5 - Authority to Issue Revenue Rulings.
Section 40-2A-7 - Uniform Revenue Procedures.
Section 40-2A-8.1 - Appeals Concerning Ownership and Title to a Motor Vehicle or Manufactured Home.
Section 40-2A-10 - Confidentiality, Disclosure, and Exchange of Tax Returns and Tax Information.
Section 40-2A-11 - Civil Penalties Levied in Addition to Other Penalties Provided by Law.
Section 40-2A-11.1 - Civil Penalties for Unethical Tax Preparation Conduct.
Section 40-2A-12 - Terms of Contracts; Termination; Renewal.