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

Current through Register Vol. 43, No. 1, October 31, 2024

Section 810-14-1-.34.01 - Interest On Underpayment Of Tax-Large Corporations

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

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

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