Browse Arkansas Code titles and sections
26-51-513. Arkansas historic rehabilitation income tax credit.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-513. Arkansas historic rehabilitation income tax credit.
(a) In addition to any income tax credit not related to the same eligible property for which a taxpayer qualifies, the taxpayer is allowed an income tax credit for the amount of the Arkansas historic rehabilitation income tax credit allowed by the certification of completion issued by the Division of Arkansas Heritage under the Arkansas Historic Rehabilitation Income Tax Credit Act, § 26-51-2201 et seq.
(b) The amount of the income tax credit under this section that may be claimed by the taxpayer in a tax year shall not exceed the amount of state income tax due by the taxpayer.
(c) Any unused income tax credit under this section may be carried forward for a maximum of five (5) consecutive tax years for credit against the state income tax.
(d) The Secretary of the Department of Finance and Administration shall promulgate rules to implement this section.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-513
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:26-51-513
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: fc1ec72f04e98cf2216db6c8aad1268ecdab18cc32235cf7b09ea60c291e1c72
Source location: content.xml paragraph 13839
Stored source content
26-51-513. Arkansas historic rehabilitation income tax credit.
(a) In addition to any income tax credit not related to the same eligible property for which a taxpayer qualifies, the taxpayer is allowed an income tax credit for the amount of the Arkansas historic rehabilitation income tax credit allowed by the certification of completion issued by the Division of Arkansas Heritage under the Arkansas Historic Rehabilitation Income Tax Credit Act, § 26-51-2201 et seq.
(b) The amount of the income tax credit under this section that may be claimed by the taxpayer in a tax year shall not exceed the amount of state income tax due by the taxpayer.
(c) Any unused income tax credit under this section may be carried forward for a maximum of five (5) consecutive tax years for credit against the state income tax.
(d) The Secretary of the Department of Finance and Administration shall promulgate rules to implement this section.
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Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-2201. Title.
This subchapter shall be known and may be cited as the “Arkansas Historic Rehabilitation Income Tax Credit Act”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-2201
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 26-51-2201. This identifies an authority to review, not proof of applicability.