Flag_of_Alabama.svg
An official website of the Alabama State government.

The .gov means it's official

Government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on an official government site.

The site is secure

The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Services

Services

Business and License

Business and License

Collections

Collections

Entity Registration

Entity Registration

Human Resources

Human Resources

Income Tax

Income Tax

Legal

Legal

Motor Vehicle

Motor Vehicle

Property Tax

Property Tax

Sales and Use

Sales and Use

Tax Incentives

Tax Incentives

Tax Policy

Tax Policy

MEMO Revised Interest Chart Effective July 1

MEMORANDUM

TO: County Probate Judges
County License Commissioners
License Inspectors
Other License Issuing Officials


FROM: Alabama Department of Revenue
Business & License Tax Division
Severance & License Section

SUBJECT: Revised Interest Chart – Effective July 1, 2022

Attached is the updated interest rate chart as required by Section 40-1-44, Code of Alabama, 1975. Per the Internal Revenue Service, the interest rate will increase to 5 percent for the fourth quarter of this fiscal year. Please destroy any previous charts issued and feel free to make copies to share, as needed.

The updated interest chart will be posted on the department’s webpage at https://forms.revenue.alabama.gov/viewer/basic_viewer/index.html?form=2017/05/interestchart.pdf if you need to refer to it. If you have any questions, you may contact our office at (334) 353-7827, option 5.

Click here to download a PDF version of this memo.

Website feedback