Browse Arkansas Code titles and sections
26-51-1504. Applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-1504. Applicability.
(a) There are two (2) types of tax credits available under this subchapter:
(1) Wetland and riparian zone creation and restoration tax credits, which shall apply to taxable years beginning on or after January 1, 1996, and all taxable years thereafter; and
(2) Wetland and riparian zone conservation tax credits, which shall apply to taxable years beginning on or after January 1, 2009, and all taxable years thereafter.
(b)(1) Any taxpayer claiming a tax credit under this subchapter may not claim a credit under the Water Resource Conservation and Development Incentives Act, § 26-51-1001 et seq., or any similar act for any costs related to the same project.
(2) Any taxpayer claiming a tax credit under this subchapter may not claim a tax credit under any other act for any costs related to the same project.
(c) Any tax credits issued to partnerships, limited liability companies, Subchapter S corporations, or fiduciaries may pass through to their members, managers, partners, shareholders, and beneficiaries.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-1504
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:26-51-1504
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 8d6f4a0c14bf9aabafb88c025156fd8dec8e843d55678f354ba8e8401dcd4545
Source location: content.xml paragraph 16301
Stored source content
26-51-1504. Applicability.
(a) There are two (2) types of tax credits available under this subchapter:
(1) Wetland and riparian zone creation and restoration tax credits, which shall apply to taxable years beginning on or after January 1, 1996, and all taxable years thereafter; and
(2) Wetland and riparian zone conservation tax credits, which shall apply to taxable years beginning on or after January 1, 2009, and all taxable years thereafter.
(b)(1) Any taxpayer claiming a tax credit under this subchapter may not claim a credit under the Water Resource Conservation and Development Incentives Act, § 26-51-1001 et seq., or any similar act for any costs related to the same project.
(2) Any taxpayer claiming a tax credit under this subchapter may not claim a tax credit under any other act for any costs related to the same project.
(c) Any tax credits issued to partnerships, limited liability companies, Subchapter S corporations, or fiduciaries may pass through to their members, managers, partners, shareholders, and beneficiaries.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-1001. Title.
This subchapter shall be known as the “Water Resource Conservation and Development Incentives Act”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-1001
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 26-51-1001. This identifies an authority to review, not proof of applicability.