MEMORANDUM
TO: County Probate Judges
County License Commissioners
License Inspectors
Other License Issuing Officials
SUBJECT: Revised Interest Rate Factor Chart – Effective October 1, 2024
DATE: August 26, 2024
Attached is the updated interest rate factor chart as required by §40-1-44, Code of
Ala., 1975. The underpayment rate for the upcoming fiscal year established by the
Secretary of the Treasury under the authority of 26 U.S.C. §6621 is 8 percent.
The updated interest rate factor chart will be posted at
https://www.revenue.alabama.gov/ultraviewer/viewer/basic_viewer/index.html?form=20
24/08/interest-chart-FY-2025.pdf. If you have any questions, contact our office at 334-
353-7827, option 5.
