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Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-17-338

Discontinuance of Business by a Licensee

Official textalison.legislature.state.al.us

# (a)

A licensee who discontinues in its entirety the business for which a license was authorized by this article shall notify the department in writing at least 10 days prior to the time of the discontinuance, sale, or transfer takes effect, and shall surrender the license to the department. The notice shall state the effective date of the discontinuance and, if the licensee has transferred the business or otherwise relinquished control to another person by sale or other means, the date of the sale or transfer and the name and address of the person to whom the business is transferred or relinquished. The notice shall also include any other information required by the department.

# (b)

All taxes for which the licensee is liable under this article but are not yet payable shall be due on the date of the discontinuance. If the licensee has transferred the business to another person and does not give the notice required herein, the person to whom the business was transferred is jointly and severally liable for the amount of any tax owed by the licensee to this state on the date the business was transferred. The liability of the person to whom the business was transferred shall not exceed the value of the property and business acquired from the licensee.

Last amended: Act 2011-565, p. 1084, §19.

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In this chapter (40 sections)
  1. 40-17-307 · Assessment of Tractors for Ad Valorem Tax
  2. 40-17-308 · False or Fraudulent Claims
  3. 40-17-320 · Short Title
  4. 40-17-321 · Legislative Intent
  5. 40-17-322 · Definitions
  6. 40-17-323 · Promulgation of Rules; Reporting Forms or Format
  7. 40-17-324 · Exchange of Information with Other States
  8. 40-17-325 · Levy of Excise Tax; Rates
  9. 40-17-326 · Taxable Activities; Terminal Operators Deemed Suppliers;…
  10. 40-17-327 · Taxable Unaccounted for Motor Fuel Losses at a Terminal
  11. 40-17-328 · Fuels on Which Tax Is Levied; Who Is Liable for Tax
  12. 40-17-329 · Exemptions
  13. 40-17-330 · Refund Petitions and Claims
  14. 40-17-331 · Floor-Stocks Tax on Motor Fuel
  15. 40-17-332 · Licenses Required
  16. 40-17-333 · Application for License
  17. 40-17-334 · Licensed Permissive Suppliers
  18. 40-17-335 · Surety Bond. (Amended by Act 2026-528)
  19. 40-17-336 · Refusal to Issue License; Appeal
  20. 40-17-337 · Issuance of License; Nontransferability
  21. 40-17-338 · Discontinuance of Business by a Licensee
  22. 40-17-339 · Cancellation of License
  23. 40-17-340 · Filing of Monthly Return and Payment Due
  24. 40-17-341 · Remitting of Taxes Due to Supplier or Permissive Supplier
  25. 40-17-342 · Requirements for Returns
  26. 40-17-343 · Deductions from Monthly Return for Payments Not Previously…
  27. 40-17-344 · Payments Held in Trust for the State; Notification of…
  28. 40-17-345 · Import Verification Number; Licensing
  29. 40-17-346 · Monthly Exporter Returns
  30. 40-17-347 · Monthly Informational Report of Terminal Operators; Annual…
  31. 40-17-348 · Monthly Informational Report of Motor Fuel Transporter
  32. 40-17-349 · Violations
  33. 40-17-350 · Transportation of Motor Fuel; Inspections
  34. 40-17-351 · Civil Penalties
  35. 40-17-352 · Criminal Penalties
  36. 40-17-353 · (Amended by Act 2026-528) Seizure of Storage Receptacles…
  37. 40-17-354 · Recordkeeping
  38. 40-17-355 · Refusal to Permit Inspection
  39. 40-17-356 · Dyed Diesel Fuel
  40. 40-17-357 · Preemption of Local Laws
Full table of contents →