Yes. Act 2019-284(HB419) revised the Consolidated filing requirements in Section 40-16-3, Code of Alabama, 1975 for tax periods beginning after December 31, 2019.
Each corporation included in the Alabama consolidated return must compute their Alabama taxable income on a separate company basis. The taxable income of the Alabama group is combined to determine the tax due.
There is no consolidated filing fee. To make the election, Alabama Form ET-C must be filed by the designated parent on or before the due date of the Alabama consolidated return, including extensions, and on or before the date the consolidated return is filed for the first taxable year for which the election is made and is to be effective. The consolidated election is binding for 120 consecutive months (10 years).