15 AAC 55.235. Transfer of a production tax credit certificate

(a) A person may transfer an interest in a production tax credit certificate by notifying the department, on a transfer form provided by the department. A transfer form must include the following information:

(1) the name, federal tax identification number, and address 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 production 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 production 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 production tax credit certificate, regardless of whether compensation is received.

History: Eff. 1/1/2004, Register 168

Authority: AS 43.05.080

AS 43.55.025

AS 43.55.110

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