Alabama § 41-9-219 - Tax Credit for Qualified Equity Investment.
Full text of Alabama Code of Alabama § 41-9-219 — Tax Credit for Qualified Equity Investment., with citation guidance and answers to common questions.
§ 41-9-219. Tax Credit for Qualified Equity Investment.
The purchaser of the qualified equity investment, or subsequent holder of the qualified equity investment, earns a vested right to a tax credit and shall be entitled to utilize a portion of such tax credit during the taxable year including that credit allowance date equal to the applicable percentage for such credit allowance date multiplied by the purchase price paid to the issuer of the qualified equity investment. The amount of the tax credit claimed shall not exceed the amount of the taxpayer’s state tax liability for the tax year for which the tax credit is claimed. The basis of any qualified equity investment shall be reduced by the amount of any credit determined under this section with respect to such investment.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 41-9-219
What does Code of Alabama § 41-9-219 cover?
Section 41-9-219 ("Tax Credit for Qualified Equity Investment.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 41-9-219?
A common citation format is "Code of Alabama § 41-9-219" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 41-9-219 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.