# Ala. Code § 40-16-3.1: Section 40-16-3.1 Extension of Due Date for Taxpayers of Financial Institution Excise Tax, Tax Years Beginning on or After January 1, 2021

> Alabama · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C16_S40-16-3.1

## Section

- **Citation:** Ala. Code § 40-16-3.1
- **Heading:** Section 40-16-3.1 Extension of Due Date for Taxpayers of Financial Institution Excise Tax, Tax Years Beginning on or After January 1, 2021
- **Jurisdiction:** Alabama
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Alabama Code / Title 40 / Chapter 16 / Section 40-16-3.1

## Text

(a)(1) For tax years beginning on or after January 1, 2021, a financial institution excise taxpayer shall be allowed one month following the due date of the corresponding federal income tax return, including applicable extensions, to file the Alabama financial institution excise tax return as required by Section 40-16-3.

(2) For tax years beginning on or after January 1, 2020, but prior to January 1, 2021, the department may allow a financial institution excise taxpayer one additional month following the due date of the corresponding federal income tax return, including applicable extensions, to file the Alabama financial institution excise tax return, upon request by the taxpayer and approval by the department.

(b) The extension provided in this section shall not allow a taxpayer to defer payment of a financial institution excise tax liability beyond the original due date provided in Section 40-16-3.

## Nearby sections

- [Ala. Code § 40-16-1 Section 40-16-1 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C16_S40-16-1.md)
- [Ala. Code § 40-16-1.1 Section 40-16-1.1 Taxation of Trust as Financial Institution](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C16_S40-16-1.1.md)
- [Ala. Code § 40-16-1.2 Section 40-16-1.2 Additional Items Included in Federal Taxable Income; Items Deducted from Federal Taxable Income](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C16_S40-16-1.2.md)
- [Ala. Code § 40-16-1.3 Section 40-16-1.3 Net Income of Credit Unions](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C16_S40-16-1.3.md)
- [Ala. Code § 40-16-2 Section 40-16-2 Production Credit Associations Taxable Under Chapter](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C16_S40-16-2.md)
- [Ala. Code § 40-16-3 Section 40-16-3 Returns](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C16_S40-16-3.md)
- [Ala. Code § 40-16-3.1 Section 40-16-3.1 Extension of Due Date for Taxpayers of Financial Institution Excise Tax, Tax Years Beginning on or After January 1, 2021](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C16_S40-16-3.1.md)
- [Ala. Code § 40-16-4 Section 40-16-4 Levy; Reporting of Tax; Promulgation of Rules](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C16_S40-16-4.md)
- [Ala. Code § 40-16-5 Section 40-16-5 When Tax Due; Extension of Time for Payment](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C16_S40-16-5.md)
- [Ala. Code § 40-16-5.1 Section 40-16-5.1 Payment of Estimated Financial Institution Excise Taxes](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C16_S40-16-5.1.md)
- [Ala. Code § 40-16-6 Section 40-16-6 Remittance and Disposition of Tax](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C16_S40-16-6.md)
- [Ala. Code § 40-16-8 Section 40-16-8 Exemptions and Credits](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C16_S40-16-8.md)
- [Ala. Code § 40-16-9 Section 40-16-9 Tax Credits Applied to State Portion of Tax Liability](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C16_S40-16-9.md)
- [Ala. Code § 40-16-10 Section 40-16-10 Computation of Net Income of Financial Institutions](https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C16_S40-16-10.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AL_T40_C16_S40-16-3.1. Check the current official text before relying on it. Not legal advice.