In accordance with Section 40-1-44, Code of Alabama 1975, the interest rate must be used to compute interest on any tax or other amount due, other than property tax, not remitted by the due date.
To calculate the interest due, first, determine the number of days that the registrant is delinquent, and locate the corresponding percentage factor on the interest chart for that number of days. Second, multiply the factor times the registration fee due to determine the amount of interest due.
Interest Rates By Calendar Quarter
See Also
Section 12-11-30 - Generally, Ala. Code § 12-11-302006 Alabama Code - Section 11-81-21 — Investment of funds obligation in which sinking funds may be invested.2016 Code of Alabama :: Title 11 - COUNTIES AND MUNICIPAL CORPORATIONS. :: Title 2 - PROVISIONS APPLICABLE TO MUNICIPAL CORPORATIONS ONLY. :: Chapter 43 - MAYOR AND COUNCIL, OTHER OFFICERS, EMPLOYEES, DEPARTMENTS, ETC. :: Article 1 - General Provisions. :Section 19-3B-1306 - Release of a trustee from its duties to a trust, Ala. Code § 19-3B-1306