Code of Arkansas Rules Title 26 — Taxation
26 CAR § 260-303
Applicant’s responsibilities
# (a)
All projects must be completed and properly functioning within three (3) years of the date of the certificate of tax credit approval, and the project must be maintained for a minimum life of ten (10) years after certified as being complete.
# (b)
The taxpayer shall also notify the Department of Agriculture when complications develop that may cause the project to fail to function as designed, and such notice shall include anticipated steps to be taken to ensure project goals and objectives are met.
# (c)
The taxpayer shall maintain records related to this tax credit for the minimum life of the project plus three (3) years.
# (d)
The taxpayer is responsible for ensuring project maintenance for the full term of obligation.
Source: view the official text
In this chapter (30 sections)
- 260-101 · Purpose
- 260-102 · Legislation
- 260-103 · Definitions
- 260-104 · Tax credit amount allowed
- 260-105 · Application fee
- 260-106 · Delegation of authority
- 260-107 · Department of Agriculture reports to Department of Finance…
- 260-108 · Appeals
- 260-201 · Membership
- 260-202 · Procedures
- 260-203 · Committee responsibilities
- 260-301 · Application for creation and restoration credit
- 260-302 · Committee and director review
- 260-303 · Applicant’s responsibilities
- 260-304 · Certificate of completion
- 260-305 · Eligible costs
- 260-306 · Approved design standards
- 260-307 · Minimum standards for projects
- 260-308 · Specific standards for riparian zones
- 260-309 · Specific standards for wetlands
- 260-310 · Failure to complete installation
- 260-311 · Tax consequences
- 260-401 · Application for conservation tax credit
- 260-402 · Conditional approval of conservation tax credit
- 260-403 · Committee and director review
- 260-404 · Department of Finance and Administration review
- 260-405 · Limitations
- 260-406 · Recordkeeping
- 260-501 · Availability of credits
- 260-502 · Use of assigned credits