Alaska Administrative Code — Title 15 (Revenue)

15 AAC 55.365

Transfer of a transferable tax credit certificate or production tax

Official textakleg.govlast amended Jan 01, 2018

credit certificate.

# (a)

A person may transfer an interest in a transferable tax credit certificate issued under AS 43.55.023(d) or a production tax credit certificate issued under AS 43.55.025 by notifying the department, on a transfer form provided by the department. A transfer form must include the following information:

# (1)

the names, federal tax identification numbers, and addresses of the transferor and the transferee;

# (2)

the amount of tax credit that was transferred, the nature of the transfer, and the monetary or other value received.

# (b)

Transfer of a tax credit certificate is effective on the date the department sends notice to the transferor that the certificate has been transferred.

# (c)

After a person has notified the department of a transfer under (a) of this section, the person may not use or transfer any additional interest in the tax credit certificate until the effective date of the transfer under (b) of this section.

# (d)

In this section, "transfer" means to sell, assign, exchange, or convey in any manner an interest in a tax credit certificate, regardless of whether compensation is received.

# (e)

On or after January 1, 2018, a tax credit certificate for a tax credit under AS 43.55.023(b), as the provisions of that subsection read before January 1, 2018, may be assigned in the same manner as provided under AS 43.55.029 for a tax credit certificate for a tax credit under AS 43.55.023(a) or ( l), or 43.55.025(a).
(Eff. 5/3/2007, Register 182; am 1/1/2018, Register 224)
Statutory Authority:
Authority:
AS 43.05.080 AS 43.55.025 Sec. 39, ch. 3
AS 43.55.023 AS 43.55.110 SSSLA 2017
Editor's note:
The subject matter of 15 AAC 55.365 was formerly located at 15 AAC 55.235. The history note for 15 AAC 55.365 does not reflect the history of the earlier section.

Amendment history

Eff. 5/3/2007, Register 182; am 1/1/2018, Register 224

Source: official source document (full AAC Title 15 PDF)

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