Effective October 1, 2025, the underpayment rate for the first quarter of the upcoming fiscal year will remain at 7 percent as established by the Secretary of the Treasury under the authority of 26 U.S.C. §6621.
Attached is the updated interest rate factor chart as required by §40-1-44, Code of Ala. 1975. The updated interest rate factor chart may be found at https://www.revenue.alabama.gov/business-license/business-privilegetax/. If you have any questions, contact our office.
Contact
Business and License Tax Division
Severance and License Tax Section
P.O. Box 327550 Montgomery, Alabama 36132-7550
334-353-7827, option 5
license.account@revenue.alabama.gov