The payment of the shares tax levied by this article shall not exempt any taxpayer from the payment of any regular license or privilege tax required by law for the engaging in or carrying on any business for which a license or privilege tax is required of individuals, firms, or corporations.
Ala. Code § 40-14A-38
(Repealed for Taxable Years Beginning on or After January 1, 2002.) Nonexemption from License or Privilege Tax.
(Act 99-665, 2nd Sp
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.