Arkansas § 15-5-1407 Registration of tax credits

Arkansas Statutes

§ 15-5-1407 — Registration of tax credits

Arkansas § 15-5-1407

Title15

This text of Arkansas § 15-5-1407 (Registration of tax credits) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 15-5-1407 (2026).

Text

(a)The Arkansas Development Finance Authority, in conjunction with the Revenue Division of the Department of Finance and Administration, shall develop a system for registration of all tax credits claimed under this subchapter.

(b)The system shall verify that any:

(1)Tax credit claimed upon a tax return is valid and properly taken in the year of claim; and (2) Transfer of the tax credit is made in accordance with the requirements of this subchapter.

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(a) The Arkansas Development Finance Authority, in conjunction with the Revenue Division of the Department of Finance and Administration, shall develop a system for registration of all tax credits claimed under this subchapter. (b) The system shall verify that any: (1) Tax credit claimed upon a tax return is valid and properly taken in the year of claim; and (2) Transfer of the tax credit is made in accordance with the requirements of this subchapter.