Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-12-89

Credit Agencies

Official textalison.legislature.state.al.us

# (a)

Each person, firm, or corporation inquiring into and reporting on the credit and standing of persons, firms, or corporations in this state shall pay the following license tax:

# (1)

In each county where the population exceeds 300,000, a state license tax of $200 for each place of business and a county license tax of $50;

# (2)

In each county where the population exceeds 200,000, but is not more than 300,000, a state license tax of $150 for each place of business and a county license tax of $50;

# (3)

In each county where the population exceeds 100,000, but is not more than 200,000, a state license tax of $100 for each place of business and a county license tax of $25;

# (4)

In each county where the population exceeds 50,000, but is not more than 100,000, a state license tax of $50 for each place of business and a county license tax of $25; and

# (5)

In all other counties, $25 to the state for each place of business and $12.50 to the county.

# (b)

This section shall not apply to mutual trade organizations where credit information is exchanged among members at actual cost of service.

# (c)

Where any person shall pay to the state the license tax of $200 for an office which supervises the operations of suboffices under its jurisdiction, no additional state license tax shall be due for such suboffice, but a county license tax of $50 shall be paid in each county in which a suboffice is located.

# (d)

The population shall be according to the last or any subsequent federal decennial census.

Last amended: Acts 1935, No. 194, p. 256; Code 1940, T. 51, §501; Acts 1953, No. 468, p. 584; Acts 1963, No. 566, p. 1189.

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