Alabama § 40-14B-20 Transfer or Assignment of Premium Tax Credits

Alabama Statutes

§ 40-14B-20 — Transfer or Assignment of Premium Tax Credits

Alabama·Title 40 Revenue and Taxation·Ch. 14B Certified Capital Company; Premium Tax Credit

(a)The Alabama Development Office shall adopt rules to facilitate the transfer or assignment of premium tax credits by certified investors. A certified investor may transfer or assign premium tax credits only in compliance with the rules adopted under this subsection.

(b)The transfer or assignment of a premium tax credit does not affect the schedule for taking the premium tax credit under this chapter.

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(a) The Alabama Development Office shall adopt rules to facilitate the transfer or assignment of premium tax credits by certified investors. A certified investor may transfer or assign premium tax credits only in compliance with the rules adopted under this subsection.
(b) The transfer or assignment of a premium tax credit does not affect the schedule for taking the premium tax credit under this chapter.

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