[This section is repealed upon certification that remaining investments of private sector limited partners have been liquidated. See Editor's Note at the beginning of this Chapter.]

1. (1) claim the credit on the taxpayer's annual state income or premium tax return in the manner prescribed by the appropriate commission; and
2. (2) file with the appropriate commission and with the taxpayer's annual state income or premium tax return a copy of the form issued by the corporation as to the qualified investment by the taxpayer, which includes an undertaking by the taxpayer to report to the appropriate commission any redemption of the qualified investment within the meaning of Section 41-44-80.

To receive the credit provided by this chapter, a taxpayer shall:

HISTORY: 1988 Act No. 643, Section 2, eff June 7, 1988; 1990 Act No. 505, Section 4, approved May 29, 1990, and eff January 1, 1990.

Editor's Note

1990 Act No. 505, Section 7, provides as follows:

"The provisions of Section 41-44-10(F), Section 41-44-90, and Section 41-44-100 of the 1976 Code, as amended by this act, which make the tax credit provisions of Chapter 44 of Title 41 applicable to insurance premium taxes apply to insurance premium taxes which accrue on and after January 1, 1990."

Effect of Amendment

The 1990 amendment provided for tax credits for insurance premium taxes.