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Home » US Law » 2022 Code of Alabama » Title 40 - Revenue and Taxation. » Chapter 14B - Certified Capital Company; Premium Tax Credit. » Section 40-14B-20 – Transfer or Assignment of Premium Tax Credits.

Section 40-14B-20

Transfer or assignment of premium tax credits.

(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.

(Act 2002-429, p. 1108, §20.)