Arkansas § 15-5-1407 Registration of tax credits

Arkansas Statutes

§ 15-5-1407 — Registration of tax credits

(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.

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