Code of Arkansas Rules Title 26 — Taxation
26 CAR § 260-502
Use of assigned credits
Official textcodeofarrules.arkansas.gov
# (a)
Any unused tax credit under the Arkansas Private Wetland and Riparian Zone Creation, Restoration, and Conservation Tax Credits Act, Arkansas Code § 26-51-1501 et seq.:
# (1)
Shall survive the death of an individual taxpayer; and
# (2)
May be used by the individual taxpayer’s estate.
# (b)
Tax credits may only be used by a taxpayer certified to earn a tax credit to offset the taxpayer’s state income tax liability and are nontransferable.
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