Code of Arkansas Rules Title 26 — Taxation
26 CAR § 65-102
Allowance of credit
Official textcodeofarrules.arkansas.gov
# (a)
An income tax credit shall be allowed for any taxpayer engaged in the business of reducing, reusing, or recycling solid waste material for commercial purposes who purchases waste reduction, reuse, or recycling equipment for the purpose of reducing, reusing, or recycling solid waste.
# (b)
To qualify for the credit the machinery and equipment must be used exclusively for reducing, reusing, or recycling solid waste.
Source: view the official text
In this chapter (7 sections)
- 65-101 · Definitions
- 65-102 · Allowance of credit
- 65-103 · Certification
- 65-104 · Amount of credit
- 65-105 · Claim of credit
- 65-106 · Distribution of credit
- 65-107 · Applicability