Browse Arkansas Code titles and sections
26-51-1902. Creation of tax incentive.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-1902. Creation of tax incentive.
(a) There shall be allowed a credit against the income tax imposed by the Income Tax Act of 1929, § 26-51-101 et seq., equal to thirty percent (30%) of the cost of tuition reimbursed or paid by an employer on behalf of a full-time, permanent employee for the cost of tuition, books, and fees for a program of undergraduate or postgraduate education from an accredited institution of postsecondary education located in Arkansas.
(b) In order to qualify for the income tax credit, the employer shall document that the employee has successfully completed the course.
(c) The incentive authorized by this section shall not exceed twenty-five percent (25%) of a business's income tax liability in any year.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-1902
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:26-51-1902
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 8b5e2d2e42e50dfc90833ecb8906739b528df40c379a579072da0934868cf2b5
Source location: content.xml paragraph 16554
Stored source content
26-51-1902. Creation of tax incentive.
(a) There shall be allowed a credit against the income tax imposed by the Income Tax Act of 1929, § 26-51-101 et seq., equal to thirty percent (30%) of the cost of tuition reimbursed or paid by an employer on behalf of a full-time, permanent employee for the cost of tuition, books, and fees for a program of undergraduate or postgraduate education from an accredited institution of postsecondary education located in Arkansas.
(b) In order to qualify for the income tax credit, the employer shall document that the employee has successfully completed the course.
(c) The incentive authorized by this section shall not exceed twenty-five percent (25%) of a business's income tax liability in any year.
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Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-101. Title.
This act shall be known and may be cited as the “Income Tax Act of 1929”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-101
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 26-51-101. This identifies an authority to review, not proof of applicability.