Alabama § 45-57-242.04 Assessing Penalty and Interest

Alabama Statutes

§ 45-57-242.04 — Assessing Penalty and Interest

Alabama § 45-57-242.04

JurisdictionAlabama

Title 45Local Laws

Ch. 57Russell County

Art. 24Taxation

Part 3Tax, Alcohol

This text of Alabama § 45-57-242.04 (Assessing Penalty and Interest) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 45-57-242.04 (2026).

Text

Any person, firm, or corporation who fails to pay the tax herein levied within the time prescribed by this part, in addition to the tax, shall pay a penalty of 10 percent of the amount of tax, together with interest thereon at the rate of one-half of one percent per month, or fraction thereof, from the date at which the tax herein levied became payable, the penalty and interest to be assessed and collected as a part of the tax.

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Any person, firm, or corporation who fails to pay the tax herein levied within the time prescribed by this part, in addition to the tax, shall pay a penalty of 10 percent of the amount of tax, together with interest thereon at the rate of one-half of one percent per month, or fraction thereof, from the date at which the tax herein levied became payable, the penalty and interest to be assessed and collected as a part of the tax.