UNIQUE CONSIDERATIONS FOR STATE …

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Page 1 of 95 2014 AICPA, Inc. UNIQUE CONSIDERATIONS FOR STATE BUSINESS TAX RETURNS Introduction This guide provides practitioners some of the information they should consider when preparing business STATE income tax returns. The laws, regulations and policies of each STATE should be verified for application to specific cases. This guide is neither authoritative nor all-inclusive and should not be relied upon for a specific taxpayer. Practitioners need to research issues identified in this Acknowledgements The STATE and Local Tax Practice Guides were developed and updated by the STATE and Local Taxation Technical Resource Panel (SALT TRP) of the Tax Division of the American Institute of Certified Public Accountants. 2013-2014 SALT TRP Sarah McGahan, Chair Jamie C. Yesnowitz, Immediate Past Chair Merrill Barter Catherine Shaw Stanton Cynthia McKinney Jennifer Jensen Steve Byrne Craig Ridenour Patrick Johnson Minde King Joe Garrett, Jr.

1. Unique nexus rules • AL has an economic nexus position for banks/financial institutions. The excise tax is levied on banks/financial institutions that issue credit cards to AL residents or businesses.

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