Gross Income Legislation: HB384 is now Alabama Act 2018-465

The Gross Income legislation has been signed by Governor Ivey.  Here are a few points to consider:

  1. Refund claims for 2013 (assuming they are not already time-barred), 2014, 2015 and 2016 should be filed ASAP, but no later than June 30. Certified mail. Be sure that you reference this Act (Act 2018-465) in the cover note. Jeannine Birmingham is in communications with Joe Garrett, ADOR, to inquire of the ADOR what sort of procedure they’ll follow when they receive these refund claims.  That information will be shared as soon as determined.  
  2. Timely file 2017 AL returns using the “old” Schedule CR formula, i.e., without the additional limitation that the current form and Reg. imposes. No need to file a disclosure statement now, but that’s optional.
  3. Remember, that limitation is reinstituted for 2018 and beyond.
  4. If you have a member/partner/shareholder or client who filed a Notice of Appeal with the Tax Tribunal, the ADOR “should” on their own file a motion to dismiss the appeal and withdraw the final assessment, but you should go ahead and file that request, citing Section 2 of this Act.