SB243 Summary

• Amends Section 40-2A-10 of the Alabama Code to replace the "good standing certificate" with a "compliance certificate" for business entities.

• Compliance certificate certifies that an entity is in compliance with all state taxes and has filed all required state tax returns and paid all taxes due.

• Department shall charge a $10 fee for each certificate of compliance issued, with fees collected appropriated to the department for administrative purposes beginning fiscal year October 1, 2015.

• Maintains existing confidentiality protections for tax returns and information, with criminal penalties of Class A misdemeanor for unauthorized disclosure.

• Act becomes effective October 1, 2015, following passage and approval by the Governor.