Ala. Code § 40-18-417.8: Claiming of Credit by Subsidiary of Parent or Holding Company in Certain Circumstances.

(a) Notwithstanding subsection (f) of Section 40-18-417.4, for tax years beginning on or after January 1, 2021, the credit issued to a parent or holding company may be claimed by the subsidiary, provided both parent or holding company and subsidiary are filing as part of an Alabama consolidated return.

(b) The Department of Revenue may adopt rules for the

implementation and administration of this section.