Alabama § 41-9-219.2 Limitation on Certifications

Alabama Statutes

§ 41-9-219.2 — Limitation on Certifications

Alabama § 41-9-219.2

Title 41State Government

Ch. 9Boards and Commissions

Art. 8CAlabama New Markets Development Act

This text of Alabama § 41-9-219.2 (Limitation on Certifications) 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 § 41-9-219.2 (2026).

Text

Once the department has certified a cumulative amount of qualified equity investments that can result in the utilization of twenty million dollars ($20,000,000) of tax credits in any tax year, the department may not certify any more qualified equity investments under Section 41-9-219.3. This limitation shall be based on the scheduled utilization of tax credits without regard to the potential for taxpayers to carry forward tax credits to later tax years.

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Once the department has certified a cumulative amount of qualified equity investments that can result in the utilization of twenty million dollars ($20,000,000) of tax credits in any tax year, the department may not certify any more qualified equity investments under Section 41-9-219.3. This limitation shall be based on the scheduled utilization of tax credits without regard to the potential for taxpayers to carry forward tax credits to later tax years.