Close
Close

Alabama enacts retroactive factor presence nexus standard

Alabama Gov. Robert Bentley signed legislation on Aug. 11enacting a factor presence nexus standard for business activity for purposes of the business privilege tax, income taxes and financial institution excise taxes. The legislation, which is effective for tax years beginning after Dec. 31, 2014, was passed as part of a special session that was called after the regular legislative session did not result in a budget being passed for the state’s fiscal year that begins Oct. 1, 2015.

Download the PDF.