Alabama § 40-14B-9 Renewal Fee

Alabama Statutes

§ 40-14B-9 — Renewal Fee

Alabama § 40-14B-9

Title 40Revenue and Taxation

Ch. 14BCertified Capital Company; Premium Tax Credit

This text of Alabama § 40-14B-9 (Renewal Fee) 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-9 (2026).

Text

(a)Not later than January 31 of each year, each certified capital company shall pay a nonrefundable renewal fee of five thousand dollars ($5,000) to the Alabama Development Office. If a certified capital company fails to pay its renewal fee on or before that date, the company must pay, in addition to the renewal fee, a late fee of five thousand dollars ($5,000) to continue its certification.

(b)Notwithstanding subsection (a), a renewal fee is not required within six months of the date on which the company’s certification is issued pursuant to Section 40-14B-3.

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(a) Not later than January 31 of each year, each certified capital company shall pay a nonrefundable renewal fee of five thousand dollars ($5,000) to the Alabama Development Office. If a certified capital company fails to pay its renewal fee on or before that date, the company must pay, in addition to the renewal fee, a late fee of five thousand dollars ($5,000) to continue its certification.
(b) Notwithstanding subsection (a), a renewal fee is not required within six months of the date on which the company’s certification is issued pursuant to Section 40-14B-3.