Alabama Publishes Interest Rate for Q1 2019

The Alabama Department of Revenue recently published the quarterly interest rate for the first quarter of 2019. This interest rate is used to calculate interest on underpayments and overpayments (where applicable), with the exception of land sold by the state for taxes which is taxed at a higher rate.

The interest rate for the first quarter of 2019 is 6%, up from 5% in the previous quarter.

To review the interest rate table, please click here.

Author

Paul Ogawa

Paul Ogawa is a Junior Regulatory Counsel at Sovos Compliance. As part of the Regulatory Analysis team, his main areas of focus are state and federal tax withholding, the Affordable Care Act (ACA), and Canadian tax information reporting. Prior to Sovos, Paul worked as a litigation attorney in Boston area law firms, representing clients in insurance subrogation claims, family law matters, and employment disputes. Paul is a member of the Massachusetts Bar, earned his B.A. from Brandeis University and his J.D. from the Suffolk University Law School.
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