Section 40-14B-20 Transfer or assignment of premium tax credits. - Alabama Statutes

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.)