Code of Arkansas Rules Title 26 — Taxation
26 CAR § 261-302
Project completion
Official textcodeofarrules.arkansas.gov
# (a)
With the exception of an applicant applying for tax credit for installation of a water measuring or metering device, only project costs incurred after issuance of a certificate of tax credit approval shall be claimed for tax credit.
# (b)
All projects must be completed within the deadline set in Arkansas Code § 26-51-1011(c)(1).
# (c)
If an approved applicant does not complete a project within the deadline set in Arkansas Code § 26-51-1011(c)(1):
# (1)
All credits claimed must be repaid to the Department of Finance and Administration; and
# (2)
The project will be disallowed as a project for tax credit purposes.
Source: view the official text
In this chapter (16 sections)
- 261-101 · Purpose
- 261-102 · Definitions
- 261-103 · Limitations
- 261-104 · Recordkeeping
- 261-105 · Appeals
- 261-201 · Application for tax credit
- 261-202 · Fees
- 261-203 · Issuance of certificate of tax credit approval by the director
- 261-204 · Issuance of certificate of completion by the director
- 261-301 · Project design, construction, and maintenance requirements
- 261-302 · Project completion
- 261-303 · Project termination
- 261-401 · Installation of a water measuring or metering device
- 261-501 · Transfer of ownership
- 261-502 · Perfecting transfer of ownership
- 261-503 · Responsibility for failure to complete or maintain project