reglab/statecodes huggingface dataset:
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 22 - ARKANSAS HISTORIC REHABILITATION INCOME TAX CREDIT ACT (§§ 26-51-2201 — 26-51-2208) › Section 26-51-2207 - Rules

(a)
The Division of Arkansas Heritage shall promulgate rules to implement this subchapter that shall include criteria for the prioritizing of the rehabilitation applications and that will stimulate the local economy where the property is located, including without limitation the criteria that the rehabilitation project will be prioritized in the following order:
(1)
Result in the creation of a new business;
(2)
Result in the expansion of an existing business;
(3)
Establish or contribute to the establishment of a tourism attraction as defined by the Department of Parks, Heritage, and Tourism;
(4)
Contribute to the revitalization of a specific business district; or
(5)
Be a key property in the revitalization of a specific neighborhood.
(b)
The Division of Arkansas Heritage shall consult with the Department of Finance and Administration, the Arkansas Economic Development Commission, and the State Insurance Department in promulgating rules under this subchapter.
(c)
The Department of Parks, Heritage, and Tourism shall promulgate rules to define a "tourism attraction" as provided in subdivision (a)(3) of this section.
Amended by Act 2019, No. 910,§ 5717, eff. 7/1/2019.
Acts 2009, No. 498, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 22 - ARKANSAS HISTORIC REHABILITATION INCOME TAX CREDIT ACT (§§ 26-51-2201 — 26-51-2208) › Section 26-51-2208 - Effective dates

This subchapter is effective for tax years beginning on or after January 1, 2009, and ending on or before December 31, 2037.
Amended by Act 2021, No. 840,§ 3, eff. 7/28/2021.
Added by Act 2015, No. 567,§ 3, eff. 3/20/2015.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 23 - LOTTERY WITHHOLDING ACT (§§ 26-51-2301 — 26-51-2306) › Section 26-51-2301 - Title

This subchapter may be cited as the "Lottery Withholding Act".
Acts 2010, No. 265, § 37; 2010, No. 294, § 37.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 23 - LOTTERY WITHHOLDING ACT (§§ 26-51-2301 — 26-51-2306) › Section 26-51-2302 - Definitions

As used in this subchapter:
(1)
"Claim center" means a claim center established by the Office of the Arkansas Lottery under §
23-115-207
;
(2)
"Lottery" means the same as defined in §
23-115-103
; and
(3)
"Lottery winnings" means the proceeds of a lottery prize based on the total amount paid from an Arkansas lottery or from a multistate or multisovereign lottery without reduction for the amount paid for the lottery ticket.
Amended by Act 2015, No. 218,§ 31, eff. 2/26/2015.
Acts 2010, No. 265, § 37; 2010, No. 294, § 37.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 23 - LOTTERY WITHHOLDING ACT (§§ 26-51-2301 — 26-51-2306) › Section 26-51-2303 - Administration

(a)
This subchapter shall be administered in accordance with the Arkansas Tax Procedure Act, §
26-18-101
et seq.
(b)
The Secretary of the Department of Finance and Administration shall make and prescribe such rules and forms as he or she deems necessary to administer this subchapter.
Amended by Act 2019, No. 315,§ 2985, eff. 7/24/2019.
Amended by Act 2019, No. 910,§ 3798, eff. 7/1/2019.
Acts 2010, No. 265, § 37; 2010, No. 294, § 37.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 23 - LOTTERY WITHHOLDING ACT (§§ 26-51-2301 — 26-51-2306) › Section 26-51-2304 - Amount deducted and withheld - Credit

(a)
A claim center making a payment of lottery winnings on a single lottery ticket of more than five thousand dollars ($5,000) shall deduct and withhold an amount equal to seven percent (7%) of each payment of the lottery winnings.
(b)
The amount deducted and withheld under this section from any lottery winnings paid to a person during the income year shall be credited against the income tax liability of that person under the Income Tax Act of 1929, §
26-51-101
et seq.
Acts 2010, No. 265, § 37; 2010, No. 294, § 37.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 23 - LOTTERY WITHHOLDING ACT (§§ 26-51-2301 — 26-51-2306) › Section 26-51-2305 - Withholding return, reporting, and payment

(a)
A claim center shall register to withhold income tax under §
26-51-2304
from lottery winnings in the manner prescribed by the Secretary of the Department of Finance and Administration.
(b)
The withholding account used to report and remit the withholding on wages shall not be used to report withholding on lottery winnings.
(c)
A separate account for withholding on lottery winnings shall be obtained from the Revenue Division of the Department of Finance and Administration.
(d)
Each claim center shall file a monthly return and remit the income tax withheld from lottery winnings on or before the fifteenth day of the month following the month in which the income tax was withheld.
(e)
A claim center shall keep the following records and information for six (6) years after the date the income tax becomes due or is paid, whichever is later:
(1)
The total lottery winnings paid;
(2)
The amount of lottery winnings income tax withheld and remitted;
(3)
The name, address, Social Security number or taxpayer identification number, and amount of lottery winnings of each person in receipt of lottery winnings; and
(4)
The name, address, and taxpayer identification number of the claim center.
(f)
(1)
A claim center shall provide two (2) copies of a statement to each person who received lottery winnings and had an amount withheld under §
26-51-2304
during the income year before January 31 following the close of the income year.
(2)
Each statement shall contain the following:
(A)
The name, address, and Social Security number or taxpayer identification number of the person in receipt of lottery winnings;
(B)
The total amount of the lottery winnings subject to withholding that was paid by the claim center to the recipient of the lottery winnings for the income tax year;
(C)
The total amount withheld from the recipient's lottery winnings by the claim center under this subchapter for the income year;
(D)
The name, address, and Arkansas identification number of the claim center; and
(E)
Such other information as the secretary shall require by rule.
Amended by Act 2019, No. 910,§ 3800, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 3799, eff. 7/1/2019.
Acts 2010, No. 265, § 37; 2010, No. 294, § 37.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 23 - LOTTERY WITHHOLDING ACT (§§ 26-51-2301 — 26-51-2306) › Section 26-51-2306 - Duties of claim centers and payees

(a)
(1)
The Office of the Arkansas Lottery is liable for amounts required to be deducted and withheld by a claim center under this subchapter regardless of whether the amounts were in fact deducted or withheld.
(2)
Any sum withheld in accordance with this subchapter is deemed to be held in trust for the State of Arkansas and shall be recorded by the claim center in a ledger account so as to clearly indicate the amount of income tax withheld and that the amount is the property of the State of Arkansas.
(b)
Each person that is subject to this subchapter and who is to receive a payment of lottery winnings or is entitled to any portion of the payment of lottery winnings shall furnish the claim center making the payment a statement, made under penalty of perjury, containing his or her:
(1)
Name;
(2)
Address; and
(3)
Social Security number or taxpayer identification number.
Amended by Act 2015, No. 218,§ 32, eff. 2/26/2015.
Acts 2010, No. 265, § 37; 2010, No. 294, § 37.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 24 - ARKANSAS CENTRAL BUSINESS IMPROVEMENT DISTRICT REHABILITATION AND DEVELOPMENT INVESTMENT TAX CREDIT (§§ 26-51-2401 — 26-51-2412) › Section 26-51-2401 - Title

This subchapter shall be known and may be cited as the "Arkansas Central Business Improvement District Rehabilitation and Development Investment Tax Credit Act".
Acts 2011, No. 1166, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 24 - ARKANSAS CENTRAL BUSINESS IMPROVEMENT DISTRICT REHABILITATION AND DEVELOPMENT INVESTMENT TAX CREDIT (§§ 26-51-2401 — 26-51-2412) › Section 26-51-2402 - Purpose

The purpose of this subchapter is to encourage economic development within central business improvement districts by promoting the rehabilitation and development of structures within the central business improvement districts.
Acts 2011, No. 1166, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 24 - ARKANSAS CENTRAL BUSINESS IMPROVEMENT DISTRICT REHABILITATION AND DEVELOPMENT INVESTMENT TAX CREDIT (§§ 26-51-2401 — 26-51-2412) › Section 26-51-2403 - Definitions

As used in this subchapter:
(1)
"Central business improvement district" means the central business district of any municipality of the first class or municipality of the second class of the state that has been designated as a central business improvement district under the Central Business Improvement District Act, §
14-184-101
et seq.;
(2)
"Development" means the new construction of a structure or the expansion or rehabilitation of an existing structure;
(3)
"Eligibility certificate" means a certificate:
(A)
Authorized and issued by the governing body of the central business improvement district certifying that a project is a qualified project, has met the requirements of this subchapter, and is an eligible central business improvement district property; and
(B)
That specifies the total amount of qualified rehabilitation or development expenditures allowed;
(4)
"Eligible central business improvement district property" means property that is located within the physical boundaries of a central business improvement district and is a qualified project;
(5)
"Governing body of the central business improvement district" means the board of commissioners of the central business improvement district;
(6)
"Governing body of the municipality" means the city council, board of directors, commission, or other municipal body exercising general legislative power in the municipality;
(7)
"Investment tax credit" means the Arkansas Central Business Improvement District Rehabilitation and Development investment tax credit under this subchapter;
(8)
"Qualified project" means eligible central business improvement district property that has met the requirements of §
26-51-2404(b)
and has been approved for rehabilitation or development by the governing body of the central business improvement district where the eligible central business improvement district property is located;
(9)
(A)
"Qualified rehabilitation or development expenditures" means expenditures approved by the governing body of the central business improvement district where the eligible central business improvement district property is located that meet the requirements of this subchapter.
(B)
"Qualified rehabilitation or development expenditures" does not include:
(i)
The cost of acquiring the eligible central business improvement district property or real estate licensee's fees associated with the eligible central business improvement district property;
(ii)
Taxes due on the eligible central business improvement district property;
(iii)
Insurance costs;
(iv)
Costs of landscaping; or
(v)
Sales and marketing costs; and
(10)
"Taxpayer" means an individual, a partnership, limited liability company, or corporation subject to the state income tax imposed by the Income Tax Act of 1929, §
26-51-101
et seq.
Acts 2011, No. 1166, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 24 - ARKANSAS CENTRAL BUSINESS IMPROVEMENT DISTRICT REHABILITATION AND DEVELOPMENT INVESTMENT TAX CREDIT (§§ 26-51-2401 — 26-51-2412) › Section 26-51-2404 - Qualified project

(a)
To apply for a designation as a qualified project, a taxpayer shall submit to the governing body of the central business improvement district where the property to be rehabilitated or developed is located all forms and fees required by the governing body of the central business improvement district.
(b)
To qualify as eligible central business improvement district property, the taxpayer shall demonstrate that the property to be rehabilitated or developed meets the following requirements:
(1)
The project must be planned within the physical boundaries of the central business improvement district;
(2)
A full set of plans by a licensed architect must be submitted to the governing body of the central business improvement district where the property to be rehabilitated or developed is located;
(3)
The project must meet all zoning and building codes of the municipality in which the property to be rehabilitated or developed is located;
(4)
The project must meet the design guidelines, be compatible with the overall plan for the central business improvement district, and have a use that the governing body of the central business improvement district determines as maintaining the overall integrity of the central business improvement district;
(5)
The qualified rehabilitation or development expenditures for the project must have occurred on or after the effective date of this subchapter; and
(6)
The qualified rehabilitation or development expenditures for the project must be greater than thirty thousand dollars ($30,000).
(c)
After evaluating the information provided by the taxpayer, the governing body of the central business improvement district shall issue a determination about whether the property to be rehabilitated or developed is a qualified project.
(d)
(1)
If the taxpayer is dissatisfied with the determination made by the governing body of the central business improvement district, the taxpayer may request that a review of that determination be made by the governing body of the municipality.
(2)
(A)
The request for review shall be made in writing to the governing body of the municipality within thirty (30) days from the date of the determination of the governing body of the central business improvement district under subsection (c) of this section.
(B)
The decision of the governing body of the municipality is a final decision.
Acts 2011, No. 1166, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 24 - ARKANSAS CENTRAL BUSINESS IMPROVEMENT DISTRICT REHABILITATION AND DEVELOPMENT INVESTMENT TAX CREDIT (§§ 26-51-2401 — 26-51-2412) › Section 26-51-2405 - Eligibility certificate

(a)
After a property to be rehabilitated or developed is designated a qualified project under §
26-51-2404
and the taxpayer completes the rehabilitation or development work, the taxpayer shall submit to the governing body of the central business improvement district where the eligible central business improvement district property is located all documentation and forms required by the governing body of the municipality and the governing body of the central business improvement district to verify that the qualified project has been completed.
(b)
If the governing body of the central business improvement district determines that the qualified project has been successfully completed, the governing body of the central business improvement district shall issue an eligibility certificate.
(c)
(1)
If the taxpayer is dissatisfied with the determination made by the governing body of the central business improvement district under subsection (b) of this section, the taxpayer may request that a review of that determination be made by the governing body of the municipality.
(2)
(A)
The request for review shall be made in writing to the governing body of the municipality within thirty (30) days from the date of the determination of the governing body of the central business improvement district under subsection (b) of this section.
(B)
The decision of the governing body of the municipality is a final decision.
(d)
Upon issuance of an eligibility certificate, the governing body of the central business improvement district immediately shall report in writing to the Department of Finance and Administration:
(1)
The name and address of the taxpayer;
(2)
The taxpayer identification number;
(3)
The date of issuance of the eligibility certificate;
(4)
The amount of the eligibility certificate; and
(5)
Any other information as determined necessary by the department.
Acts 2011, No. 1166, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 24 - ARKANSAS CENTRAL BUSINESS IMPROVEMENT DISTRICT REHABILITATION AND DEVELOPMENT INVESTMENT TAX CREDIT (§§ 26-51-2401 — 26-51-2412) › Section 26-51-2406 - Projected rehabilitation or development expenditures

(a)
The projected qualified rehabilitation or development expenditures must occur during a period not to exceed eighteen (18) months.
(b)
For the rehabilitation or development of an existing structure, the projected qualified rehabilitation or development expenditures must equal or exceed the adjusted basis of the existing structure, excluding the land, before the qualified rehabilitation or development work begins.
Acts 2011, No. 1166, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 24 - ARKANSAS CENTRAL BUSINESS IMPROVEMENT DISTRICT REHABILITATION AND DEVELOPMENT INVESTMENT TAX CREDIT (§§ 26-51-2401 — 26-51-2412) › Section 26-51-2407 - Investment tax credits

(a)
There is allowed an investment tax credit against the tax imposed by the Income Tax Act of 1929, §
26-51-101
et seq., for any taxpayer incurring costs and expenses that are qualified rehabilitation or development expenditures of eligible central business improvement district property.
(b)
The investment tax credit is equal to twenty-five percent (25%) of qualified rehabilitation or development expenditures incurred for a qualified project up to the first:
(1)
Five hundred thousand dollars ($500,000) on income-producing property; or
(2)
Two hundred thousand dollars ($200,000) on nonincome-producing property.
(c)
(1)
The investment tax credit for a qualified project covering income-producing eligible central business improvement district property shall be taken in the tax year in which the eligible central business improvement district property is placed in service.
(2)
The investment tax credit for a qualified project covering residential eligible central business improvement district property or other nonincome-producing eligible central business improvement district property shall be taken in the tax year the qualified project is completed.
(d)
A taxpayer who receives an investment tax credit under this section shall not claim any other state or local tax credit or deduction based on the qualified rehabilitation or development expenditures except for the deduction for normal depreciation of the eligible central business improvement district property.
(e)
(1)
The Department of Finance and Administration shall maintain an ongoing record of the eligibility certificates awarded each fiscal year.
(2)
The department shall only issue investment tax credits up to one million dollars ($1,000,000) in any one (1) fiscal year on a first-come, first-served basis.
Acts 2011, No. 1166, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 24 - ARKANSAS CENTRAL BUSINESS IMPROVEMENT DISTRICT REHABILITATION AND DEVELOPMENT INVESTMENT TAX CREDIT (§§ 26-51-2401 — 26-51-2412) › Section 26-51-2408 - Procedure to claim the investment tax credit

(a)
To claim the investment tax credit, a taxpayer shall submit the eligibility certificate issued by the governing body of the central business improvement district to the Department of Finance and Administration.
(b)
(1)
In addition to the submission under subsection (a) of this section, the taxpayer shall submit an eligibility certificate at the time of filing the taxpayer's income tax return.
(2)
If the taxpayer fails to attach the eligibility certificate to the taxpayer's income tax return, an investment tax credit is not allowed with respect to the qualified project for that tax year until the eligibility certificate is provided to the department.
Acts 2011, No. 1166, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 24 - ARKANSAS CENTRAL BUSINESS IMPROVEMENT DISTRICT REHABILITATION AND DEVELOPMENT INVESTMENT TAX CREDIT (§§ 26-51-2401 — 26-51-2412) › Section 26-51-2409 - Credits exceeding tax liability - Assignment

(a)
(1)
The amount of the investment tax credit that may be used by a taxpayer for a taxable year shall not exceed the amount of income tax due from the taxpayer.
(2)
Any unused investment tax credit may be carried over for five (5) consecutive taxable years for credit against the state income tax due from the taxpayer.
(3)
(A)
The investment tax credit may be transferred, sold, or assigned only one (1) time.
(B)
A taxpayer who transfers, sells, or assigns the investment tax credit shall notify in writing the Department of Finance and Administration within thirty (30) days of the following information:
(i)
The name, address, and taxpayer identification number of the transferee, purchaser, or assignee of the investment tax credit;
(ii)
The original issuance date of the investment tax credit and the date of the transfer, purchase, or assignment of the investment tax credit; and
(iii)
The amount paid for the investment tax credit by the transferee, purchaser, or assignee.
(C)
(i)
A transferee, purchaser, or assignee of an investment tax credit is entitled for the remaining carry-forward period to the investment tax credit under this subchapter only to the extent the investment tax credit is still available and only for the portion of the investment tax credit that has not been previously claimed by the transferor, seller, or assignor.
(ii)
A transferee, purchaser, or assignee may not transfer, sell, or assign the investment tax credit.
(D)
The department may refuse to recognize the investment tax credit if the transferor, seller, or assignor or the transferee, purchaser, or assignee of the investment tax credit fails to submit the eligibility certificate and any transfer, purchase, or assignment documents.
(4)
An investment tax credit granted to a partnership, a limited liability company taxed as a partnership, or multiple owners of eligible central business improvement district property shall be passed through to the partners, members, or owners respectively on a pro rata basis or pursuant to an executed agreement between or among the partners, members, or owners documenting an alternative distribution method.
(b)
(1)
Any assignee of an investment tax credit may use an acquired investment tax credit to offset up to one hundred percent (100%) of the state income tax due from the assignee, but the offset shall not exceed the amount of income tax due for the taxable year.
(2)
An assignor of an investment tax credit shall perfect an assignment to an assignee of an investment tax credit by notifying the department in writing within thirty (30) calendar days following the effective date of the assignment and shall provide any information required by the department to administer and carry out this subchapter.
Acts 2011, No. 1166, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 24 - ARKANSAS CENTRAL BUSINESS IMPROVEMENT DISTRICT REHABILITATION AND DEVELOPMENT INVESTMENT TAX CREDIT (§§ 26-51-2401 — 26-51-2412) › Section 26-51-2410 - Fees

(a)
The governing body of the central business improvement district may charge a fee of two hundred fifty dollars ($250) for the services it provides under this subchapter.
(b)
The fee collected under subsection (a) of this section by the governing body of the central business improvement district shall be considered cash funds of the central business improvement district and shall be used for the administration of this subchapter.
Acts 2011, No. 1166, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 24 - ARKANSAS CENTRAL BUSINESS IMPROVEMENT DISTRICT REHABILITATION AND DEVELOPMENT INVESTMENT TAX CREDIT (§§ 26-51-2401 — 26-51-2412) › Section 26-51-2411 - Enforcement - Deposit of fees

(a)
(1)
The Secretary of the Department of Finance and Administration may make rules and prescribe forms for a taxpayer to claim the investment tax credit provided by this subchapter and for the proper enforcement of the claim.
(2)
The Department of Finance and Administration shall consult with the governing bodies of the central business improvement districts in making rules under this subchapter to maintain consistency with the purpose and intent of this subchapter.
(b)
A fee collected under §
26-51-2404
by the governing body of the central business improvement district shall be deposited into the treasury cash fund of the governing body of a central business improvement district receiving the fee.
(c)
The department and the governing body of a central business improvement district may inspect facilities and records of a taxpayer requesting or receiving an investment tax credit as necessary to verify a claim.
(d)
The secretary shall demand the repayment of any investment tax credits taken in excess of the investment tax credit allowed by this subchapter.
Amended by Act 2019, No. 910,§ 3802, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 3801, eff. 7/1/2019.
Acts 2011, No. 1166, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 24 - ARKANSAS CENTRAL BUSINESS IMPROVEMENT DISTRICT REHABILITATION AND DEVELOPMENT INVESTMENT TAX CREDIT (§§ 26-51-2401 — 26-51-2412) › Section 26-51-2412 - Effective date

(a)
(1)
This subchapter takes effect only if the Chief Fiscal Officer of the State certifies that sufficient funding for this subchapter is available in the General Improvement Fund or its successor fund or fund accounts, including the Development and Enhancement Fund.
(2)
If the Chief Fiscal Officer of the State certifies that sufficient funding for this subchapter is available in the fund, this subchapter is effective for tax years beginning on and after January 1 of the year following the certification and continues for a period of two (2) years.
(3)
If the Chief Fiscal Officer of the State certifies that sufficient funding for this subchapter is available in the fund, he or she shall notify the Arkansas Code Revision Commission of the effective date of this subchapter.
(b)
An unused investment tax credit under this subchapter that is earned before the end of the period stated in subsection (a) of this section may be carried forward on an income tax return for up to five (5) years after the year in which the investment tax credit was first earned or until exhausted, whichever event occurs first.
Amended by Act 2019, No. 82,§ 21, eff. 7/1/2019.
Acts 2011, No. 1166, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 25 - INCOME TAX REFUND CHECK-OFF AND CONTRIBUTION PROGRAMS (§§ 26-51-2501 — 26-51-2511) › Section 26-51-2501 - [Repealed]

Repealed by Act 2015, No. 399,§ 1, eff. for tax years beginning on or after January 1, 2015.
Acts 1993, No. 471, §§ 1-4.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 25 - INCOME TAX REFUND CHECK-OFF AND CONTRIBUTION PROGRAMS (§§ 26-51-2501 — 26-51-2511) › Section 26-51-2503 - Contribution to the Arkansas School for the Blind and the Arkansas School for the Deaf

(a)
(1)
The Revenue Division of the Department of Finance and Administration shall include on the Arkansas individual income tax forms, including those forms on which a husband and wife file separately on the same form, and on all corporate income tax forms, a designation as follows:
(A)
" If you are entitled to a refund, check if you wish to designate [ ] $1, [ ] $5, [ ] $10, [ ] _______ (write in amount) or [ ] all refund due of your tax refund for the Arkansas School for the Blind and the Arkansas School for the Deaf. Your refund will be reduced by this amount.
(B)
If you owe an additional amount, check if you wish to contribute an additional [ ] $1, [ ] $5, [ ] $10, [ ] _______ (write in amount) for the Arkansas School for the Blind and the Arkansas School for the Deaf. If you wish to make a contribution to the schools, you must enclose a separate check for the amount of your contribution payable to the Department of Finance and Administration."
(2)
The Arkansas School for the Blind and the Arkansas School for the Deaf check-off program on state income tax returns shall be effective beginning with the returns for the 2001 income year and each income year thereafter.
(3)
The Secretary of the Department of Finance and Administration may promulgate all rules and all income tax forms, returns, and schedules necessary to implement this section.
(b)
The Department of Finance and Administration shall quarterly certify to the Treasurer of State the amount contributed to the Arkansas School for the Blind and the Arkansas School for the Deaf through this state income tax check-off during the quarter, and the Treasurer of State shall deduct from the Individual Income Tax Withholding Fund the amount so certified.
(c)
The Treasurer of State shall credit fifty percent (50%) of the amount certified each quarter to the School for the Blind Fund Account and fifty percent (50%) to the School for the Deaf Fund Account.
Amended by Act 2019, No. 315,§ 2987, eff. 7/24/2019.
Amended by Act 2019, No. 910,§ 3806, eff. 7/1/2019.
Acts 2001, No. 1556, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 25 - INCOME TAX REFUND CHECK-OFF AND CONTRIBUTION PROGRAMS (§§ 26-51-2501 — 26-51-2511) › Section 26-51-2505 - Voluntary contributions to Organ Donor Awareness Education Trust Fund

(a)
The Revenue Division of the Department of Finance and Administration shall include on the Arkansas individual income tax forms, including those forms on which a husband and wife file separately on the same form and on all corporate income tax forms, the opportunity to allow taxpayers to voluntarily apply any amount of their tax refund for organ donor awareness education.
(b)
Funds collected pursuant to this section shall be credited to the Organ Donor Awareness Education Trust Fund.
(c)
The Secretary of the Department of Finance and Administration shall promulgate all rules and all income tax forms, returns, schedules, or other materials necessary to carry out the provisions of this section.
Amended by Act 2019, No. 315,§ 2989, eff. 7/24/2019.
Acts 2003, No. 1362, § 3[6].
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 25 - INCOME TAX REFUND CHECK-OFF AND CONTRIBUTION PROGRAMS (§§ 26-51-2501 — 26-51-2511) › Section 26-51-2507 - Contribution to Arkansas Association of Area Agencies on Aging

(a)
(1)
The Revenue Division of the Department of Finance and Administration shall include on the Arkansas individual income tax forms, including those forms on which a husband and wife file separately on the same form, and on all corporate income tax forms, a designation as follows:
"If you are entitled to a refund, check if you wish to designate [ ] $1, [ ] $5, [ ] $10, [ ] _______ (write in amount) or [ ] all refund due of your tax refund for the Arkansas Association of Area Agencies on Aging to fund programs and activities for senior citizens. Your refund will be reduced by this amount.
If you owe an additional amount, check if you wish to contribute an additional [ ] $1, [ ] $5, [ ] $10, [ ] _______ (write in amount) for the Arkansas Association of Area Agencies on Aging to fund programs and activities for senior citizens. If you wish to make a contribution to the Arkansas Association of Area Agencies on Aging, you must enclose a separate check for the amount of your contribution payable to the Department of Finance and Administration."
(2)
The Arkansas Association of Area Agencies on Aging check-off program on state income tax returns shall be effective beginning with the returns for the 2005 tax year and each subsequent tax year.
(3)
The Secretary of the Department of Finance and Administration may promulgate rules and develop all income tax forms, returns, and schedules necessary to implement this section.
(b)
The department shall quarterly certify to the Treasurer of State the amount contributed to the Arkansas Association of Area Agencies on Aging through this state income tax check-off during the quarter, and the Treasurer of State shall deduct from the Individual Income Tax Withholding Fund the amount certified.
(c)
The Treasurer of State shall credit the amount certified each quarter to the Area Agencies on Aging Fund.
Amended by Act 2019, No. 910,§ 3812, eff. 7/1/2019.
Acts 2005, No. 1821, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 25 - INCOME TAX REFUND CHECK-OFF AND CONTRIBUTION PROGRAMS (§§ 26-51-2501 — 26-51-2511) › Section 26-51-2508 - Income tax check-off program for contributions to the Newborn Umbilical Cord Blood Initiative

(a)
(1)
It is the purpose of this section to provide a means by which an individual taxpayer may designate a portion or all of his or her income tax refund to be withheld and contributed for the purposes set forth in this section.
(2)
It is the intent of the General Assembly that the income tax check-off program established in this section is supplemental to any funding and in no way is intended to take the place of funding that would otherwise be appropriated for this purpose.
(b)
The Revenue Division of the Department of Finance and Administration shall include on the Arkansas individual income tax forms, including those forms on which a husband and wife file separately on the same form and on all corporate income tax forms, a designation as follows:
(1)
" If you are entitled to a refund, check if you wish to designate [ ] $1, [ ] $5, [ ] $10, [ ] $20, [ ] $_______ (write in amount), or [ ] all refund due of your tax refund for the Newborn Umbilical Cord Blood Initiative. Your refund will be reduced by this amount.
(2)
If you owe an additional amount, check if you wish to contribute an additional [ ] $1, [ ] $5, [ ] $10, [ ] $20, [ ] $_______ (write in amount) for the Newborn Umbilical Cord Blood Initiative. If you wish to make a contribution to the program, you must enclose a separate check for the amount of your contribution, payable to the Newborn Umbilical Cord Blood Initiative."
(c)
The Department of Finance and Administration shall certify quarterly to the Treasurer of State the amount contributed to the program through this state income tax check-off during the quarter as authorized by this section, and the Treasurer of State shall deduct from the:
(1)
Individual Income Tax Withholding Fund the amount certified by the department as contributed to the program on individual income tax forms; and
(2)
Corporate Income Tax Withholding Fund the amount certified by the department as contributed to the program on corporate income tax forms.
(d)
The Secretary of the Department of Finance and Administration shall promulgate all rules and all income tax forms, returns, and schedules necessary to carry out the program.
Amended by Act 2019, No. 910,§ 3813, eff. 7/1/2019.
Acts 2007, No. 695, § 1; 2009, No. 655, § 7.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 25 - INCOME TAX REFUND CHECK-OFF AND CONTRIBUTION PROGRAMS (§§ 26-51-2501 — 26-51-2511) › Section 26-51-2509 - Contribution to Arkansas Brighter Future Fund Plan account

(a)
(1)
The Revenue Division of the Department of Finance and Administration shall include on the Arkansas individual income tax forms, including those forms on which a husband and wife file separately on the same form, a designation as follows:
"If you are entitled to a refund, check if you wish to designate [ ] $25, [ ] $50, [ ] $100, [ ] __________________ (write in amount) or [ ] all of your tax refund to an Arkansas Brighter Future Fund Plan account. Your refund will be reduced by this amount."
(2)
The Arkansas Brighter Future Fund Plan account must already be in existence at the time the election in subdivision (a)(1) of this section is made, and the pertinent information regarding the Arkansas Brighter Future Fund Plan account must be provided to the Department of Finance and Administration so that the deposit can be correctly made.
(b)
The Arkansas Brighter Future Fund Plan check-off program on state income tax returns shall be effective beginning with the returns for the 2009 tax year and each subsequent tax year.
(c)
The Secretary of the Department of Finance and Administration shall promulgate rules and develop all income tax forms, returns, and schedules necessary to implement this section.
Amended by Act 2021, No. 966,§ 26, eff. 7/28/2021.
Amended by Act 2019, No. 910,§ 3814, eff. 7/1/2019.
Acts 2009, No. 211, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 25 - INCOME TAX REFUND CHECK-OFF AND CONTRIBUTION PROGRAMS (§§ 26-51-2501 — 26-51-2511) › Section 26-51-2510 - Contributions to the Arkansas Game and Fish Foundation

(a)
(1)
It is the purpose of this section to provide a means by which an individual taxpayer may designate a portion or all of his or her income tax refund to be withheld and contributed for the purposes stated in this section.
(2)
It is the intent of the General Assembly that the income tax check-off program established in this section be supplemental to any funding that would otherwise be appropriated for the purposes stated in this section.
(b)
The Revenue Division of the Department of Finance and Administration shall include on the Arkansas individual income tax forms, including those forms on which a husband and wife file separately on the same form and on all corporate income tax forms, a designation as follows:
(1)
" If you are entitled to a refund, check if you wish to designate [ ] $1, [ ] $5, [ ] $10, [ ] $_______ (write in amount), or [ ] all refund due of your tax refund for the Arkansas Game and Fish Foundation. Your refund will be reduced by this amount.
(2)
If you owe an additional amount, check if you wish to contribute an additional [ ] $1, [ ] $5, [ ] $10, [ ] $_______ (write in amount) for the Arkansas Game and Fish Foundation. If you wish to make a contribution to the foundation, you must enclose a separate check for the amount of your contribution, payable to the Arkansas Game and Fish Foundation."
(c)
The Department of Finance and Administration shall certify quarterly to the Treasurer of State the amount contributed to the program through this state income tax check-off during the quarter as authorized by this section, and the Treasurer of State shall deduct from the:
(1)
Individual Income Tax Withholding Fund the amount certified by the department as contributed to the program on individual income tax forms; and
(2)
Corporate Income Tax Withholding Fund the amount certified by the department as contributed to the program on corporate income tax forms.
(d)
The Secretary of the Department of Finance and Administration may promulgate rules necessary to carry out the program established under this section.
Amended by Act 2019, No. 910,§ 3815, eff. 7/1/2019.
Added by Act 2015, No. 399,§ 2, eff. for tax years beginning on or after January 1, 2015.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 26 - ARKANSAS MAJOR HISTORIC REHABILITATION INCOME TAX CREDIT ACT (§§ 26-51-2601 — 26-51-2607) › Section 26-51-2601 - Title

This subchapter shall be known and may be cited as the "Arkansas Major Historic Rehabilitation Income Tax Credit Act".
Added by Act 2019, No. 855,§ 2, eff. 7/24/2019.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 26 - ARKANSAS MAJOR HISTORIC REHABILITATION INCOME TAX CREDIT ACT (§§ 26-51-2601 — 26-51-2607) › Section 26-51-2602 - Definitions

As used in this subchapter:
(1)
"Arkansas major historic rehabilitation income tax credit" means the income tax credit allowed under this subchapter against the income tax imposed by this chapter and the premium tax levied under §§
26-57-601
-
26-57-605
;
(2)
"Certification of completion" means a certificate issued by the Division of Arkansas Heritage certifying that a project is a certified rehabilitation of an eligible property that qualifies for the Arkansas major historic rehabilitation income tax credit;
(3)
"Certified rehabilitation" means the total of appropriate and approved rehabilitation work on an eligible property that results in a substantial rehabilitation of an eligible property that has been issued an eligibility certificate;
(4)
"Eligible property" means property that is located in the state that:
(A)
Qualifies as a certified historic structure under
26 U.S.C. § 47
, as it existed on January 1, 2019;
(B)
Will qualify as a certified historic structure following certified rehabilitation;
(C)
Is listed in the National Register of Historic Places;
(D)
Is designated as contributing to a district listed in the National Register of Historic Places; or
(E)
Is eligible for designation as contributing to a district listed in the National Register of Historic Places following certified rehabilitation;
(5)
"Federal rehabilitation tax credit" means the federal tax credit provided under
26 U.S.C. § 47
, as it existed on January 1, 2009;
(6)
"Holder" means the holder of a certification of completion that is:
(A)
A person, firm, or corporation subject to the income tax imposed by this chapter; or
(B)
An insurance company paying the premium tax on its gross premium receipts;
(7)
"Owner" means a person or an entity that owns eligible property and is the initial recipient of the certification of completion from the division;
(8)
"Premium tax" means a tax levied under §§
26-57-603
-
26-57-605
; and
(9)
"Qualified rehabilitation expenses" means costs and expenses incurred to complete a certified rehabilitation that are qualified rehabilitation expenses under the federal rehabilitation tax credit or under the Arkansas major historic rehabilitation income tax credit.
Added by Act 2019, No. 855,§ 2, eff. 7/24/2019.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 26 - ARKANSAS MAJOR HISTORIC REHABILITATION INCOME TAX CREDIT ACT (§§ 26-51-2601 — 26-51-2607) › Section 26-51-2605 - Fees

(a)
(1)
The Division of Arkansas Heritage may charge a fee to process:
(A)
An application for an Arkansas major historic rehabilitation income tax credit; and
(B)
A request to record transfers of interests in an Arkansas major historic rehabilitation income tax credit to other holders.
(2)
The fee for processing an application for an Arkansas historic rehabilitation income tax credit shall not exceed the lesser of one percent (1%) of the amount of the Arkansas major historic rehabilitation income tax credit applied for or seventy-five hundredths percent (0.75%) of the amount of the Arkansas major historic rehabilitation income tax credit transferred.
(b)
A fee collected under this subchapter by the division shall be considered cash funds of the division and shall be used for the administration of this subchapter.
Added by Act 2019, No. 855,§ 2, eff. 7/24/2019.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 26 - ARKANSAS MAJOR HISTORIC REHABILITATION INCOME TAX CREDIT ACT (§§ 26-51-2601 — 26-51-2607) › Section 26-51-2606 - Rules

(a)
The Division of Arkansas Heritage shall promulgate rules to implement this subchapter that shall include criteria for the prioritizing of the rehabilitation applications and that will stimulate the local economy where the property is located, including without limitation the criteria that the rehabilitation project will be prioritized in the following order:
(1)
Result in the creation of a new business;
(2)
Result in the expansion of an existing business;
(3)
Establish or contribute to the establishment of a tourism attraction as defined by the Department of Parks, Heritage, and Tourism;
(4)
Contribute to the revitalization of a specific business district; or
(5)
Be a key property in the revitalization of a specific neighborhood.
(b)
The Division of Arkansas Heritage shall consult with the Department of Finance and Administration, the Arkansas Economic Development Commission, and the State Insurance Department in promulgating rules under this subchapter.
(c)
The Department of Parks, Heritage, and Tourism shall promulgate rules to define a "tourism attraction" as provided in subdivision (a)(3) of this section.
Added by Act 2019, No. 855,§ 2, eff. 7/24/2019.