Tax & Accounting Blog

Alabama Act 415

Blog, ONESOURCE, ONESOURCE Property Tax April 23, 2014

In efforts to make Alabama “the most business-friendly state in the country,” as recently stated by Alabama House Speaker Mike Hubbard to the Business Council of Alabama (BCA), the state legislature just passed Act 415. This act, co-sponsored by Hubbard and Rep. Greg Wren, requires the Department of Revenue to develop a standardized system for taxpayers to electronically file their business personal property tax returns.  With a mandatory completion date of September 30, 2016, this system will allow taxpayers to electronically file any business personal property tax return to any local jurisdiction. The e-filing system will be optional for taxpayers; however, any jurisdiction will be required to accept the electronically filed form. As we expect more jurisdictions in Alabama to transition to mandatory e-filing processes, this statewide system will streamline the e-filing process and make it easier for companies to file their returns across the state.

Additionally, Act 415 states that the Department of Revenue will provide a short form for filing businesses personal property returns for businesses with an aggregate original cost of assets under $10,000. This form will be available by October 1, 2014.

The law officially goes into effect 7/1/14.

To read the bill in full, visit

Additional source: Mike Hubbard talking to the BCA: