AL HB151

Increases the average monthly state sales tax liability threshold triggering estimated payment requirements from $1,000 to $2,500 under Alabama Code Section 40-23-7.

Allows taxpayers with average monthly tax liability below $2,500 during the preceding calendar year to avoid making estimated payments on the 20th of each month.

Maintains existing estimated payment calculation methods at 66 2/3 percent of actual liability for October 1983 or the same month of the preceding year, whichever is lesser.

Preserves quarterly filing option for taxpayers with average monthly liability below $200 and extends filing deadline protections.

Effective August 1, 2016, following passage and approval by the Governor.