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Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-14B-15

Vested Premium Tax Credit - Claim

Official textalison.legislature.state.al.us

# (a)

A premium tax credit allocation claim must be prepared and executed by a certified investor on a form provided by the Alabama Development Office. The certified capital company must file the claim with the Alabama Development Office not later than October 1, 2002. The premium tax credit allocation claim form must include an affidavit of the certified investor under which the certified investor becomes legally bound and irrevocably committed to make an investment of certified capital in a certified capital company in the amount allocated even if the amount allocated is less than the amount of the claim, subject only to the receipt of an allocation under Section 40-14B-19.

# (b)

A certified investor may not claim a premium tax credit under Section 40-14B-16 for an investment that has not been funded, even if the certified investor has committed to fund the investment.

Last amended: Act 2002-429, p. 1108, §15.

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In this chapter (22 sections)
  1. 40-14B-1 · Definitions
  2. 40-14B-2 · Administration of Chapter
  3. 40-14B-3 · Application for Certification
  4. 40-14B-4 · Prohibited Activities
  5. 40-14B-5 · Statement Included with Offering
  6. 40-14B-6 · Qualified Investments
  7. 40-14B-7 · Development Office Opinion as to Proposed Investments
  8. 40-14B-8 · Report Upon Receipt of Certified Capital; Annual Report;…
  9. 40-14B-9 · Renewal Fee
  10. 40-14B-10 · Qualified Distributions
  11. 40-14B-11 · Annual Review; Decertification
  12. 40-14B-12 · Recapture of Forfeiture of Premium Tax Credits
  13. 40-14B-13 · Indemnification, Etc., of Certified Investors
  14. 40-14B-14 · Vested Premium Tax Credit - Generally
  15. 40-14B-15 · Vested Premium Tax Credit - Claim
  16. 40-14B-16 · Vested Premium Tax Credit - Amounts Allowed
  17. 40-14B-17 · Vested Premium Tax Credit - Pro Rata Allocation
  18. 40-14B-18 · Certified Capital as Admitted Asset
  19. 40-14B-19 · Rate Making for Insurance Contract
  20. 40-14B-20 · Transfer or Assignment of Premium Tax Credits
  21. 40-14B-21 · Biennial Report
  22. 40-14B-22 · Allocation of Additional Tax Credits
Full table of contents →