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Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-14B-7

Development Office Opinion as to Proposed Investments

Official textalison.legislature.state.al.us

# (a)

A certified capital company may, before making an investment in a business, request from the Alabama Development Office a written opinion as to whether the business in which it proposes to invest is a qualified technology business.

# (b)

The Alabama Development Office shall, not later than the 15th business day after the date of the receipt of a request under subsection (a), determine whether the business meets the definition of a qualified technology business, and notify the certified capital company of the determination and an explanation of its determination or notify the certified capital company that an additional 15 days will be needed to review and make the determination.

# (c)

If the Alabama Development Office fails to notify the certified capital company with respect to the proposed investment within the period specified by subsection (b), the business in which the company proposes to invest is considered to be a qualified technology business.

Last amended: Act 2002-429, p. 1108, §7.

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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 →