Unitary combined reporting set for public hearing April 5

Alabama Retail Association President Rick Brown, as chairman of the Business Associations’ Tax Coalition (BATC), plans to speak out against SB67 by Sen. Linda Coleman-Madison, D-Birmingham, during an April 5 public hearing before the Senate Fiscal Responsibility and Economic Development Committee.

The bill calls for mandatory unitary combined reporting, a corporate income taxing scheme that would greatly hinder the state’s ability to attract new business. It increases taxes on Alabama businesses that operate in more than one state, even those that are primarily based here, including those that are members of a group of related companies. Alabama Retail and BATC have long opposed unitary combined reporting and will continue to do so.

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