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

Alabama Statutes

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

Alabama § 40-14B-20

Title 40Revenue and Taxation

Ch. 14BCertified Capital Company; Premium Tax Credit

This text of Alabama § 40-14B-20 (Transfer or Assignment of Premium Tax Credits) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 40-14B-20 (2026).

Text

(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.