Code of Alabama
Title 40 - Revenue and Taxation.
Chapter 14B - Certified Capital Company; Premium Tax Credit.

Section 40-14B-1 - Definitions. - As used in this chapter, the following terms shall have...

Section 40-14B-2 - Administration of Chapter. - The Alabama Development Office shall administer this chapter and may...

Section 40-14B-3 - Application for Certification. - (a) The Director of the Alabama Development Office by rule...

Section 40-14B-4 - Prohibited Activities. - (a) An insurance company or other persons who may have...

Section 40-14B-5 - Statement Included With Offering. - Any offering material involving the sale of securities of the...

Section 40-14B-6 - Qualified Investments. - (a) To continue to be certified, a certified capital company...

Section 40-14B-7 - Development Office Opinion as to Proposed Investments. - (a) A certified capital company may, before making an investment...

Section 40-14B-8 - Report Upon Receipt of Certified Capital; Annual Report; Financial Statement. - (a) Each certified capital company shall report to the Alabama...

Section 40-14B-9 - Renewal Fee. - (a) Not later than January 31 of each year, each...

Section 40-14B-10 - Qualified Distributions. - (a) A certified capital company may make a qualified distribution...

Section 40-14B-11 - Annual Review; Decertification. - (a) The Alabama Development Office shall conduct an annual review...

Section 40-14B-12 - Recapture of Forfeiture of Premium Tax Credits. - (a) Decertification of a certified capital company may cause the...

Section 40-14B-13 - Indemnification, etc., of Certified Investors. - The certified capital company may agree to indemnify, or purchase...

Section 40-14B-14 - Vested Premium Tax Credit - Generally. - (a) A certified investor who makes an investment of certified...

Section 40-14B-15 - Vested Premium Tax Credit - Claim. - (a) A premium tax credit allocation claim must be prepared...

Section 40-14B-16 - Vested Premium Tax Credit - Amounts Allowed. - (a) The total amount of certified capital for which premium...

Section 40-14B-17 - Vested Premium Tax Credit - Pro Rata Allocation. - (a) If the total premium tax credits claimed by all...

Section 40-14B-18 - Certified Capital as Admitted Asset. - In any case under this chapter or another law of...

Section 40-14B-19 - Rate Making for Insurance Contract. - A certified investor is not required to reduce the amount...

Section 40-14B-20 - Transfer or Assignment of Premium Tax Credits. - (a) The Alabama Development Office shall adopt rules to facilitate...

Section 40-14B-21 - Biennial Report. - (a) The Alabama Development Office shall prepare a biennial report...

Section 40-14B-22 - Allocation of Additional Tax Credits. - (a) Subject to, and in accordance with, this chapter, there...