Section 15.55.365. Transfer of a transferable tax credit certificate or production tax credit certificate.

	(a)  A person may transfer an interest in a transferable tax credit certificate issued under AS 43.55.023(d) or a production tax credit certificate issued under AS 43.55.025 by notifying the department, on a transfer form provided by the department. A transfer form must include the following information:  
		(1) the names, federal tax identification numbers, and addresses of the transferor and the transferee;  
		(2) the amount of tax credit that was transferred, the nature of the transfer, and the monetary or other value received.  
	(b)  Transfer of a tax credit certificate is effective on the date the department sends notice to the transferor that the certificate has been transferred.  
	(c)  After a person has notified the department of a transfer under (a) of this section, the person may not use or transfer any additional interest in the tax credit certificate until the effective date of the transfer under (b) of this section.  
	(d)  In this section, "transfer" means to sell, assign, exchange, or convey in any manner an interest in a tax credit certificate, regardless of whether compensation is received.  

Authorities

43.05.080;43.55.023;43.55.025;43.55.110

Notes

Authority

AS 43.05.080 AS 43.55.023 AS 43.55.025 AS 43.55.110 Editor's note: The subject matter of 15 AAC 55.365 was formerly located at 15 AAC 55.235. The history note for 15 AAC 55.365 does not reflect the history of the earlier section.

History

Eff. 5/3/2007, Register 182

References

15.55.365;15.55.235