Renewal Fee

Official textalison.legislature.state.al.us

# (a)

Not later than January 31 of each year, each certified capital company shall pay a nonrefundable renewal fee of five thousand dollars ($5,000) to the Alabama Development Office. If a certified capital company fails to pay its renewal fee on or before that date, the company must pay, in addition to the renewal fee, a late fee of five thousand dollars ($5,000) to continue its certification.

# (b)

Notwithstanding subsection (a), a renewal fee is not required within six months of the date on which the company’s certification is issued pursuant to Section 40-14B-3.

Last amended: Act 2002-429, p. 1108, §9.

Source: view the official text

In this chapter (22 sections)

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

Full table of contents →