Rule 810-14-1-.34.01

Ala. Admin. Code r. 810-14-1-.34.01

Interest On Underpayment Of Tax-Large Corporations

Effective Feb 16, 1999New Rule: Filed January 12, 1999; effective February 16, 1999.Alabama Department of Revenue

For “large corporate underpayment” as defined in I.R.C. Sec. 6621, the interest rate on underpayment shall be as prescribed by I.R.C. Sec. 6621(c)(1).

Author: Michael Mason

Statutory Authority: Code of Ala. 1975, §40-1-44, and Internal Revenue Code 26 U.S.C. 6621.

History: New Rule: Filed January 12, 1999; effective February 16, 1999.