Act Number 2019-284 established the Financial Institution Excise Tax Reform Act of 2019 passed the Alabama Legislature during the 2019 Regular Session. The Act provides for an estimate payment system; alternate distribution formula to pay the counties and municipalities; updated law to provide clarification and reflect current policies and procedures. See Form ET-1 and instructions for complete details.  https://revenue.alabama.gov/individual-corporate/taxes-administered-by-individual-corporate-income-tax/financial-institutions-excise-tax/