To embed, copy and paste the code into your website or blog: State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. In this newsletter edition, we will briefly summarize certain SALT developments in several states which may be important to you. Alabama – Updates Reported Extension to May 17: On March 18, 2021, the Alabama Department of Revenue (Department) issued guidance with respect to the income tax filing deadlines in light of the IRS issuing IR-2021-59, which provided that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021 to May 17, 2021. The Department's guidance stated that Alabama provides an automatic extension of up to six months to file Alabama income tax returns wherever there is a corresponding federal extension, and that Alabama taxpayers will not need to request an extension to file Alabama returns without a late-filing penalty through the extended federal due date. The guidance then stated that the Department will automatically waive, without request, late-payment penalties for payments remitted by May 17, 2021; however, the Department is not authorized to waive interest, and any interest accruing from April 15 through the actual payment date will be due. In this guidance, the Department encourages taxpayers to make their payments for the 2020 tax year as soon as possible to avoid the accrual of interest beyond April 15. More information can be found here.