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 13 - WINNINGS WITHHOLDING ACT (§§ 26-51-1301 — 26-51-1310) › Section 26-51-1309 - Gaming winnings tax - Withholding and remittance

(a)
There is levied, assessed, and collected a gaming winnings tax of three percent (3%) on any single payment of winnings from electronic games of skill of one thousand two hundred dollars ($1,200) or more paid on a single electronic game of skill wager.
(b)
The holder of a franchise to conduct electronic games of skill shall:
(1)
Deduct and withhold the tax from winnings from electronic games of skill upon which the tax is levied by subsection (a) of this section; and
(2)
Remit the tax to the Secretary of the Department of Finance and Administration as provided in §
26-51-1310
and as prescribed by rules promulgated by the secretary.
Amended by Act 2019, No. 910,§ 3781, eff. 7/1/2019.
Acts 2007, No. 732, § 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 13 - WINNINGS WITHHOLDING ACT (§§ 26-51-1301 — 26-51-1310) › Section 26-51-1310 - Withholding return, reporting, and payment - Electronic games of skill

(a)
The holder of a franchise to conduct electronic games of skill in this state shall register to withhold the gaming winnings tax under §
26-51-1309
from winnings from electronic games of skill 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 winnings from electronic games of skill.
(c)
A separate account for withholding on winnings from electronic games of skill shall be obtained from the Revenue Division of the Department of Finance and Administration.
(d)
Each holder of a franchise to conduct electronic games of skill shall file a monthly return and remit the tax withheld from winnings from electronic games of skill on or before the fifteenth day of the month following the month in which the tax was withheld.
(e)
The holder of a franchise to conduct electronic games of skill shall keep the following records and information for three (3) years after the date the tax becomes due or is paid, whichever is later:
(1)
The total gaming winnings paid;
(2)
The amount of gaming winnings tax withheld and remitted;
(3)
The name, address, and Social Security number or taxpayer identification number of the party in receipt of gaming winnings; and
(4)
The name, address, and Arkansas identification number of the holder of a franchise to conduct electronic games of skill.
(f)
(1)
Gaming winnings are not includable as income on the payee's regular Arkansas income tax return.
(2)
The amount of tax paid or withheld on gaming winnings under §
26-51-1309
shall not be claimed under the Income Tax Act of 1929, §
26-51-101
et seq., on an Arkansas income tax return to:
(A)
Offset a tax liability;
(B)
Create a refund; or
(C)
Generate any other type of credit or offset for income tax purposes.
(3)
Losses sustained from electronic games of skill wagers are not deductible under the Income Tax Act of 1929, §
26-51-101
et seq., on Arkansas income tax returns.
Amended by Act 2019, No. 910,§ 3782, eff. 7/1/2019.
Acts 2007, No. 732, § 8.
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 14 - APPORTIONMENT AND ALLOCATION OF NET INCOME OF FINANCIAL INSTITUTIONS (§§ 26-51-1401 — 26-51-1405) › Section 26-51-1401 - Apportionment and allocation

(a)
Except as otherwise specifically provided, a financial institution whose business activity is taxable both within and without this state shall allocate and apportion its net income as provided in this subchapter. All items of nonbusiness income, income that is not includable in the apportionable income tax base, shall be allocated under §§
26-51-704
-
26-51-708
. A financial institution organized under the laws of a foreign country, the Commonwealth of Puerto Rico, or a territory or possession of the United States whose effectively connected income, as defined under the Internal Revenue Code,
26 U.S.C. § 1
et seq., as in effect January 1, 1995, is taxable both within this state and within another state, other than the state in which it is organized, shall allocate and apportion its net income as provided in this subchapter.
(b)
All business income, income which is includable in the apportionable income tax base, shall be apportioned to this state by multiplying such income by the taxpayer's receipts factor as described in §
26-51-1403
.
(c)
The taxpayer's receipts factor shall be computed according to the method of accounting, cash or accrual basis, used by the taxpayer for the taxable year.
(d)
If the allocation and apportionment provisions of this subchapter do not fairly represent the extent of the taxpayer's business activity in this state, the taxpayer may petition for, or the Secretary of the Department of Finance and Administration may require, in respect to all or any part of the taxpayer's business activity, if reasonable:
(1)
Separate accounting;
(2)
The inclusion of one (1) or more additional factors which will fairly represent the taxpayer's business activity in this state; or
(3)
The employment of any other method to effectuate an equitable allocation and apportionment of the taxpayer's income.
Amended by Act 2019, No. 822,§ 10, eff. 1/1/2021.
Amended by Act 2019, No. 910,§ 3783, eff. 7/1/2019.
Acts 1995, No. 495, § 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 14 - APPORTIONMENT AND ALLOCATION OF NET INCOME OF FINANCIAL INSTITUTIONS (§§ 26-51-1401 — 26-51-1405) › Section 26-51-1404 - Property values

(a)
(1)
The value of real property and tangible personal property owned by the taxpayer is the original cost or other basis of such property for federal income tax purposes without regard to depletion, depreciation, or amortization.
(2)
(A)
Loans are valued at their outstanding principal balance, without regard to any reserve for bad debts.
(B)
If a loan is charged off, in whole or in part, for federal income tax purposes, the portion of the loan charged off is not outstanding.
(C)
A specifically allocated reserve established pursuant to regulatory or financial accounting guidelines that is treated as charged off for federal income tax purposes shall be treated as charged off for purposes of this section.
(3)
(A)
Credit card receivables are valued at their outstanding principal balance, without regard to any reserve for bad debts.
(B)
If a credit card receivable is charged off, in whole or in part, for federal income tax purposes, the portion of the receivable charged off is not outstanding.
(b)
(1)
The average value of property owned by the taxpayer is computed on an annual basis by adding the value of the property on the first day of the taxable year and the value on the last day of the taxable year and dividing the sum by two (2).
(2)
If averaging on this basis does not properly reflect average value, the Secretary of the Department of Finance and Administration may require averaging on a more frequent basis.
(3)
The taxpayer may elect to average on a more frequent basis.
(4)
When averaging on a more frequent basis is required by the secretary or is elected by the taxpayer, the same method of valuation shall be used consistently by the taxpayer with respect to property within and without this state and on all subsequent returns unless the taxpayer receives prior permission from the secretary or the secretary requires a different method of determining average value.
Amended by Act 2019, No. 822,§ 15, eff. 1/1/2021.
Amended by Act 2019, No. 910,§ 3789, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 3788, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 3787, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 3786, eff. 7/1/2019.
Acts 1995, No. 495, § 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 14 - APPORTIONMENT AND ALLOCATION OF NET INCOME OF FINANCIAL INSTITUTIONS (§§ 26-51-1401 — 26-51-1405) › Section 26-51-1405 - [Repealed]

Repealed by Act 2019, No. 822,§ 16, eff. 1/1/2021.
Acts 1995, No. 495, § 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 15 - ARKANSAS PRIVATE WETLAND AND RIPARIAN ZONE CREATION, RESTORATION, AND CONSERVATION TAX CREDITS ACT (§§ 26-51-1501 — 26-51-1510) › Section 26-51-1501 - Title

This subchapter may be cited as the "Arkansas Private Wetland and Riparian Zone Creation, Restoration, and Conservation Tax Credits Act".
Acts 1995, No. 561, § 1; 2009, No. 351, § 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 15 - ARKANSAS PRIVATE WETLAND AND RIPARIAN ZONE CREATION, RESTORATION, AND CONSERVATION TAX CREDITS ACT (§§ 26-51-1501 — 26-51-1510) › Section 26-51-1502 - Legislative findings

(a)
Wetlands and riparian zones have significant benefits to the state. They include:
(1)
Flood impact mitigation by slowing storm water runoff;
(2)
Water quality enhancement by removing sediment, nitrogen, phosphorus, and other pollutants from surface water;
(3)
Habitats for fish and wildlife, including waterfowl and rare or endangered species;
(4)
Groundwater recharge can occur in wetlands that will assist in ensuring that groundwater is available for the future;
(5)
Recreational uses for hunting, fishing, hiking, et cetera, that not only add to the quality of life, but also have a significant economic impact on the state; and
(6)
Timber and food production in properly managed wetlands can provide wood products, plants, and animals for human and livestock consumption.
(b)
Arkansas has lost over seventy percent (70%) of its pre-European settlement wetlands. Even though the rate of wetland loss in the United States has declined in recent years, wetlands in Arkansas continue to experience significant loss.
(c)
The majority of lands suitable for wetlands and riparian zones are held by private owners. The state should encourage these owners to restore and enhance existing wetlands and riparian zones and, when possible, create new wetlands and riparian zones.
(d)
The donation of wetland and riparian zone qualified real property interests should be encouraged by the state so that permanent protection of the conservation values of these lands is ensured.
Acts 1995, No. 561, § 2; 2009, No. 351, § 2.
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 15 - ARKANSAS PRIVATE WETLAND AND RIPARIAN ZONE CREATION, RESTORATION, AND CONSERVATION TAX CREDITS ACT (§§ 26-51-1501 — 26-51-1510) › Section 26-51-1504 - Applicability

(a)
There are two (2) types of tax credits available under this subchapter:
(1)
Wetland and riparian zone creation and restoration tax credits, which shall apply to taxable years beginning on or after January 1, 1996, and all taxable years thereafter; and
(2)
Wetland and riparian zone conservation tax credits, which shall apply to taxable years beginning on or after January 1, 2009, and all taxable years thereafter.
(b)
(1)
Any taxpayer claiming a tax credit under this subchapter may not claim a credit under the Water Resource Conservation and Development Incentives Act, §
26-51-1001
et seq., or any similar act for any costs related to the same project.
(2)
Any taxpayer claiming a tax credit under this subchapter may not claim a tax credit under any other act for any costs related to the same project.
(c)
Any tax credits issued to partnerships, limited liability companies, Subchapter S corporations, or fiduciaries may pass through to their members, managers, partners, shareholders, and beneficiaries.
Acts 1995, No. 561, §§ 4, 7; 2009, No. 351, § 5.
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 15 - ARKANSAS PRIVATE WETLAND AND RIPARIAN ZONE CREATION, RESTORATION, AND CONSERVATION TAX CREDITS ACT (§§ 26-51-1501 — 26-51-1510) › Section 26-51-1506 - Administration

(a)
The Arkansas Natural Resources Commission is charged with the responsibility of promulgating and administering rules related to the creation, restoration, and conservation of wetlands and riparian zones with the intent of qualifying for the tax credits provided for in this subchapter.
(b)
(1)
The commission may charge a reasonable application fee for the processing of tax credit applications.
(2)
All fees collected shall be deposited into the Arkansas Water Development Fund.
Amended by Act 2023, No. 691,§ 212, eff. 7/1/2023.
Amended by Act 2021, No. 483,§ 13, eff. 7/28/2021.
Acts 1995, No. 561, § 5; 2009, No. 351, § 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 15 - ARKANSAS PRIVATE WETLAND AND RIPARIAN ZONE CREATION, RESTORATION, AND CONSERVATION TAX CREDITS ACT (§§ 26-51-1501 — 26-51-1510) › Section 26-51-1508 - Development, operation, and tax credits

(a)
(1)
All projects must be completed and properly functioning within three (3) years of the date of the certificate of tax credit approval, except if the Department of Agriculture determines that failure to comply with this subdivision (a)(1) is the result of conditions beyond the control of the taxpayer, an additional year to comply with this subdivision (a)(1) may be granted by the Department of Agriculture.
(2)
If the taxpayer does not complete the project within the period provided in subdivision (a)(1) of this section, all credits claimed must be repaid to the Revenue Division of the Department of Finance and Administration, and the project will be disallowed as a project for tax credit purposes.
(b)
(1)
Project activities shall meet or exceed those standards as established by the Department of Agriculture, and the project must be maintained for a minimum life of ten (10) years after it is certified as being complete.
(2)
(A)
If the taxpayer terminates the project prior to expiration of the minimum project life, the taxpayer shall provide written notification to the Department of Agriculture and the division.
(B)
In addition, the taxpayer shall file an amended tax return and repay the amount of tax credit claimed which was not allowable.
(3)
If the Department of Agriculture determines that the taxpayer has terminated the project, it shall notify the division.
(4)
(A)
Upon the termination of the project, the taxpayer shall not be allowed any further tax credits provided in this subchapter and the division shall recapture the pro rata share of any tax credits claimed under this subchapter for the period of termination.
(B)
The pro rata share for recapture of the disallowed tax credits shall be determined by dividing the period of time from termination of the project until the expiration of the minimum life of the project by the required minimum life of the project times the tax credit claimed.
(C)
Notwithstanding the provisions of §
26-18-306
, the division may make necessary assessments to recapture disallowed tax credits for a period of three (3) years from the date of expiration of the minimum life of the project.
Amended by Act 2023, No. 691,§ 219, eff. 7/1/2023.
Amended by Act 2023, No. 691,§ 218, eff. 7/1/2023.
Acts 1995, No. 561, § 8.
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 15 - ARKANSAS PRIVATE WETLAND AND RIPARIAN ZONE CREATION, RESTORATION, AND CONSERVATION TAX CREDITS ACT (§§ 26-51-1501 — 26-51-1510) › Section 26-51-1509 - Recordkeeping requirement

For purposes of this subchapter, the recordkeeping provisions of §
26-18-506
requiring a taxpayer to maintain records for six (6) years after a return is filed shall be extended to require the taxpayer claiming a wetland and riparian zone creation and restoration tax credit under this subchapter to maintain the required records for the required minimum life of the project plus three (3) years.
Acts 1995, No. 561, § 8; 2009, No. 351, § 9.
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 15 - ARKANSAS PRIVATE WETLAND AND RIPARIAN ZONE CREATION, RESTORATION, AND CONSERVATION TAX CREDITS ACT (§§ 26-51-1501 — 26-51-1510) › Section 26-51-1510 - Annual compilation of credits - Expiration of subchapter - Tax credit availability

(a)
Following the end of every calendar year, the Department of Finance and Administration shall compile the cumulative total amount of tax credits used pursuant to the provisions of this subchapter.
(b)
(1)
The tax credits established by this subchapter and the availability of those tax credits shall expire on December 31 of the calendar year following the calendar year in which the tax credits used pursuant to the provisions of this subchapter exceed five hundred thousand dollars ($500,000).
(2)
However, any taxpayer having been issued a certificate of tax credit approval on or prior to such December 31 shall be entitled to the tax credits provided under this subchapter without regard to the fact that the availability of the tax credits has otherwise expired.
Acts 1995, No. 561, § 9; 2009, No. 351, § 10.
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 16 - YOUTH APPRENTICESHIP/WORK-BASED LEARNING PROGRAM TAX CREDIT (§§ 26-51-1601 — 26-51-1606) › Section 26-51-1601 - [Repealed]

Repealed by Act 2017, No. 1042,§ 2, eff. for tax years beginning on or after 1/1/2018.
Acts 1997, No. 1168, § 2.
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 16 - YOUTH APPRENTICESHIP/WORK-BASED LEARNING PROGRAM TAX CREDIT (§§ 26-51-1601 — 26-51-1606) › Section 26-51-1602 - [Repealed]

Repealed by Act 2017, No. 1042,§ 2, eff. for tax years beginning on or after 1/1/2018.
Acts 1997, No. 1168, § 2.
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 16 - YOUTH APPRENTICESHIP/WORK-BASED LEARNING PROGRAM TAX CREDIT (§§ 26-51-1601 — 26-51-1606) › Section 26-51-1603 - [Repealed]

Repealed by Act 2017, No. 1042,§ 2, eff. for tax years beginning on or after 1/1/2018.
Acts 1997, No. 1168, § 3.
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 16 - YOUTH APPRENTICESHIP/WORK-BASED LEARNING PROGRAM TAX CREDIT (§§ 26-51-1601 — 26-51-1606) › Section 26-51-1604 - [Repealed]

Repealed by Act 2017, No. 1042,§ 2, eff. for tax years beginning on or after 1/1/2018.
Acts 1997, No. 1168, § 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 16 - YOUTH APPRENTICESHIP/WORK-BASED LEARNING PROGRAM TAX CREDIT (§§ 26-51-1601 — 26-51-1606) › Section 26-51-1605 - [Repealed]

Repealed by Act 2017, No. 1042,§ 2, eff. for tax years beginning on or after 1/1/2018.
Acts 1997, No. 1168, § 5.
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 16 - YOUTH APPRENTICESHIP/WORK-BASED LEARNING PROGRAM TAX CREDIT (§§ 26-51-1601 — 26-51-1606) › Section 26-51-1606 - [Repealed]

Repealed by Act 2017, No. 1042,§ 2, eff. for tax years beginning on or after 1/1/2018.
Acts 1997, No. 1168, § 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 17 - LOW INCOME HOUSING TAX CREDIT (§§ 26-51-1701 — 26-51-1705) › Section 26-51-1701 - Definitions

As used in this subchapter, unless the context clearly requires otherwise:
(1)
"Authority" means the Arkansas Development Finance Authority, or its successor agency;
(2)
"Eligibility statement" means a statement authorized and issued by the authority certifying that a given project qualifies for the Arkansas low-income housing tax credit. The authority shall promulgate rules establishing criteria upon which the eligibility statements will be issued. The eligibility statement shall specify the amount of the Arkansas low-income housing tax credit allowed;
(3)
"Federal low-income housing tax credit" means the federal tax credit as provided in
26 U.S.C. § 42
, as amended;
(4)
"Qualified project" means a qualified low-income building as that term is defined in
26 U.S.C. § 42
, as amended, which is located in Arkansas; and
(5)
"Taxpayer" means a person, firm or corporation subject to the state income tax imposed by provisions of §§
26-51-101
-
26-51-1510
, or an insurance company paying an annual tax on its gross premium receipts in this state, or a financial institution paying income taxes to the State of Arkansas.
Amended by Act 2019, No. 910,§ 3790, eff. 7/1/2019.
Acts 1997, No. 1332, § 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 17 - LOW INCOME HOUSING TAX CREDIT (§§ 26-51-1701 — 26-51-1705) › Section 26-51-1703 - Eligibility statement

(a)
The owner of a qualified project eligible for the Arkansas low-income housing tax credit shall submit, at the time of filing the owner's income or gross premium tax return, an eligibility statement. In the case of failure to attach the eligibility statement, no Arkansas low-income housing tax credit under this subchapter shall be allowed with respect to such project for that year until these copies are provided to the Department of Finance and Administration.
(b)
If under
26 U.S.C. § 42
, as amended, a portion of any federal low-income housing tax credit taken with respect to a qualified project is required to be recaptured, the taxpayer claiming Arkansas low-income housing tax credit with respect to such project shall also be required to recapture a portion of any Arkansas low-income housing tax credit authorized by this subchapter. The state recapture amount shall be equal to the proportion of the Arkansas low-income housing tax credit claimed by the taxpayer that equals the proportion the federal recapture amount bears to the original federal low-income housing credit claimed by the taxpayer.
Acts 1997, No. 1332, § 3.
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 17 - LOW INCOME HOUSING TAX CREDIT (§§ 26-51-1701 — 26-51-1705) › Section 26-51-1704 - Sale, assignment, and transfer of tax credit allowed

(a)
All or any portion of Arkansas low-income housing tax credit issued in accordance with the provisions of this subchapter may be transferred, sold, or assigned but only in connection with the sale or transfer of the interest in the qualified project or in the taxpayer.
(b)
An owner or transferee desiring to make a transfer, sale, or assignment as described in subsection (a) of this section shall submit to the Secretary of the Department of Finance and Administration a statement which describes the amount of Arkansas low-income housing tax credit for which transfer, sale, or assignment of Arkansas low-income housing tax credit is eligible. The owner shall provide to the secretary such information as is specified by the Department of Finance and Administration in rules so that the Arkansas low-income housing tax credit may be properly allocated.
(c)
In the event that recapture of Arkansas low-income housing tax credit is required pursuant to §
26-51-1703(b)
, the statements submitted to the secretary as provided in this section shall include the proportion of the Arkansas low-income housing tax credit required to be recaptured, the identity of each transferee subject to recapture, and the amount of Arkansas low-income housing tax credit previously transferred to such transferee and such other information as is specified by the department in rules.
Amended by Act 2019, No. 315,§ 2982, eff. 7/24/2019.
Amended by Act 2019, No. 910,§ 3792, eff. 7/1/2019.
Acts 1997, No. 1332, § 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 17 - LOW INCOME HOUSING TAX CREDIT (§§ 26-51-1701 — 26-51-1705) › Section 26-51-1705 - Rules

The Secretary of the Department of Finance and Administration and the Arkansas Development Finance Authority shall promulgate rules necessary to administer the provisions of this subchapter. No rule or portion of a rule promulgated under the authority of this section shall become effective until it has been approved by the secretary in accordance with the Arkansas Administrative Procedure Act, §
25-15-201
et seq.
Amended by Act 2019, No. 315,§ 2983, eff. 7/24/2019.
Amended by Act 2019, No. 910,§ 3793, eff. 7/1/2019.
Acts 1997, No. 1332, § 5.
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 18 - SMALL BUSINESS CAPITAL FORMATION ACT (§§ 26-51-1801 — 26-51-1802) › Section 26-51-1801 - Small business stock capital gains - Definitions

(a)
There shall be allowed a deduction from net income for a qualified small business net capital gain recognized on the sale of qualified small business stock for any taxable year in an amount equal to the following:
(1)
For qualified small business stock held for a period of five (5) years from the date of the purchase of the stock, fifty percent (50%);
(2)
For qualified small business stock held for a period of six (6) years from the purchase of the stock, sixty percent (60%);
(3)
For qualified small business stock held for a period of seven (7) years from the purchase of the stock, seventy percent (70%);
(4)
For qualified small business stock held for a period of eight (8) years from the purchase of the stock, eighty percent (80%);
(5)
For qualified small business stock held for a period of nine (9) years from the purchase of the stock, ninety percent (90%); and
(6)
For qualified small business stock held for a period of ten (10) years from the purchase of the stock, one hundred percent (100%).
(b)
As used in this subchapter:
(1)
"Qualified small business" means any domestic corporation whose total capitalization does not exceed one hundred million dollars ($100,000,000) and no more than ten percent (10%) of the firm's assets are held in the form of real estate during the holding periods set forth in subsection (a) of this section;
(2)
"Qualified small business net capital gain" means the net capital gain for the taxable year determined by taking into account only gain or loss from sales or exchanges of qualified small business stock; and
(3)
"Qualified small business stock" means stock issued directly by a qualified small business after December 31, 1998.
(c)
Any taxpayer who seeks to qualify for the income tax deduction set forth in this section must:
(1)
Obtain a certified statement from the corporation issuing the qualified business stock stating:
(i)
The name and address of the purchaser;
(ii)
The number of shares of qualified small business stock purchased;
(iii)
The amount paid by the original purchaser for the qualified small business stock; and
(iv)
The dates of purchase and sale of the qualified small business stock; and
(2)
Attach a copy of the statement described in subdivision (c)(1) of this section to the income tax return for the year the deduction is claimed.
Acts 1997, No. 883, § 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 18 - SMALL BUSINESS CAPITAL FORMATION ACT (§§ 26-51-1801 — 26-51-1802) › Section 26-51-1802 - Effective date

The provisions of this subchapter shall be in effect for taxable years beginning on and after January 1, 1998.
Acts 1997, No. 883, § 2.
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 19 - EMPLOYEE TUITION REIMBURSEMENT TAX CREDIT (§§ 26-51-1901 — 26-51-1903) › Section 26-51-1901 - Legislative intent

It is recognized that the reimbursement or payment by an employer of or for tuition for employee training or courses that aid in improving job skills is in the best interest of the state. Increasing the skills and abilities of the workforce allows Arkansas to compete for jobs that require specialized knowledge and talent not available in sufficient supply. In order to reward those employers who subsidize educational opportunities for their employees and to encourage other employers to make such benefits available to their employees, it is necessary to create an incentive.
Acts 1999, No. 1036, § 1; 2005, No. 1232, § 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 19 - EMPLOYEE TUITION REIMBURSEMENT TAX CREDIT (§§ 26-51-1901 — 26-51-1903) › Section 26-51-1902 - Creation of tax incentive

(a)
There shall be allowed a credit against the income tax imposed by the Income Tax Act of 1929, §
26-51-101
et seq., equal to thirty percent (30%) of the cost of tuition reimbursed or paid by an employer on behalf of a full-time, permanent employee for the cost of tuition, books, and fees for a program of undergraduate or postgraduate education from an accredited institution of postsecondary education located in Arkansas.
(b)
In order to qualify for the income tax credit, the employer shall document that the employee has successfully completed the course.
(c)
The incentive authorized by this section shall not exceed twenty-five percent (25%) of a business's income tax liability in any year.
Acts 1999, No. 1036, § 2; 2005, No. 1232, § 8.
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 19 - EMPLOYEE TUITION REIMBURSEMENT TAX CREDIT (§§ 26-51-1901 — 26-51-1903) › Section 26-51-1903 - Eligibility

The following types of businesses are eligible for the tax benefit provided by §
26-51-1902
:
(1)
A manufacturer classified in sectors 31-33 in the North American Industry Classification System, as it existed on January 1, 2005;
(2)
A business:
(A)
Primarily engaged in:
(i)
The design and development of prepackaged software;
(ii)
Digital content production and preservation;
(iii)
Computer processing and data preparation services; and
(iv)
Information retrieval services; and
(B)
That derives at least seventy-five percent (75%) of its revenue from out-of-state sales and has less than ten percent (10%) of its retail sales to the general public;
(3)
A business primarily engaged in motion picture productions and that derives at least seventy-five percent (75%) of its revenue from out-of-state sales and has less than ten percent (10%) of its retail sales to the general public;
(4)
A distribution center for the reception, storage, or shipping of:
(A)
A business's own products or products that the business wholesales to retail businesses or ships to its own retail outlets;
(B)
Products owned by other companies with which the business has contracts for storage and shipping if seventy-five percent (75%) of the sales revenues are from out-of-state customers; or
(C)
Products for sale to the general public if seventy-five percent (75%) of the sales revenues are from out-of-state customers;
(5)
An office sector business with less than ten percent (10%) of its retail sales to the general public;
(6)
A national or regional corporate headquarters with less than ten percent (10%) of its retail sales to the general public;
(7)
A firm primarily engaged in commercial, physical, and biological research as classified in the North American Industry Classification System Code 541710, as in effect on January 1, 2005;
(8)
A scientific and technical services business if:
(A)
The business derives at least seventy-five percent (75%) of its revenue from out of state; and
(B)
(i)
The average hourly wages paid by the business exceed one hundred fifty percent (150%) of the county or state average hourly wage, whichever is less.
(ii)
The average hourly wage threshold determined at the signing date of the financial incentive agreement shall be the threshold for the term of the agreement; and
(9)
Any other business classified as an eligible business by the Director of the Arkansas Economic Development Commission if the following conditions exist:
(A)
The business receives at least seventy-five percent (75%) of its revenue from out of state; and
(B)
The business proposes to pay wages in excess of one hundred ten percent (110%) of the county or state average wage, whichever is less.
Acts 1999, No. 1036, § 3; 2005, No. 1232, § 9.
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 20 - MANUFACTURER'S INVESTMENT TAX CREDIT ACT (§§ 26-51-2001 — 26-51-2007) › Section 26-51-2001 - Title

This subchapter may be known and cited as the "Manufacturer's Investment Tax Credit Act".
Acts 2001, No. 1661, § 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 20 - MANUFACTURER'S INVESTMENT TAX CREDIT ACT (§§ 26-51-2001 — 26-51-2007) › Section 26-51-2002 - Definitions

As used in this subchapter:
(1)
"Director" means the Director of the Arkansas Economic Development Commission;
(2)
"Eligible business" means any person engaged in a business classified as manufacturing of paper and allied products in Standard Industrial Classification Code 2600 that has been in continuous operation in Arkansas for at least two (2) years prior to the initial application to the director for income tax credits under the provision of this subchapter;
(3)
"Modernization" means to increase efficiency or to increase productivity of the business through investment in machinery or equipment, or both, and shall not include costs for routine maintenance;
(4)
"Person" means a person as defined by §
26-18-104
;
(5)
"Project" means any construction, expansion, or modernization in Arkansas by an eligible business whose investment shall exceed one hundred million dollars ($100,000,000) between August 13, 2001, and December 31, 2004, for projects involving either single or multiple locations within the State of Arkansas, including the cost of the land, buildings, and equipment used in the construction, expansion, or modernization and which construction, expansion, or modernization has been approved by the Arkansas Economic Development Commission as a construction, expansion, or modernization project that qualifies for the credit under the provisions of this subchapter; and
(6)
"Routine maintenance" means the replacement of existing machinery parts with like parts.
Acts 2001, No. 1661, § 2.
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 20 - MANUFACTURER'S INVESTMENT TAX CREDIT ACT (§§ 26-51-2001 — 26-51-2007) › Section 26-51-2003 - Certain other benefits precluded

(a)
A recipient of benefits under this subchapter is precluded from receiving benefits under the Arkansas Enterprise Zone Act of 1993, §
15-4-1701
et seq., for the same project.
(b)
A recipient of benefits under this subchapter is precluded from receiving benefits under the Economic Investment Tax Credit Act, §
26-52-701
et seq. [repealed], for the same project.
Acts 2001, No. 1661, § 3.
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 20 - MANUFACTURER'S INVESTMENT TAX CREDIT ACT (§§ 26-51-2001 — 26-51-2007) › Section 26-51-2004 - Credit granted

There is granted a credit against the state income tax liability of an eligible business of seven percent (7%) of the amount of the total project cost of any project, subject to the limit set out in §
26-51-2005
.
Acts 2001, No. 1661, § 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 20 - MANUFACTURER'S INVESTMENT TAX CREDIT ACT (§§ 26-51-2001 — 26-51-2007) › Section 26-51-2006 - Administration

(a)
A person claiming credit under this subchapter is a "taxpayer" within the meaning of §
26-18-104
and shall be subject to all applicable provisions of §
26-18-104
.
(b)
Administration of the provisions of this subchapter shall be under the provisions of the Arkansas Tax Procedure Act, §
26-18-101
et seq.
(c)
The Director of the Arkansas Economic Development Commission may promulgate such rules as are necessary to carry out the intent and purposes of this subchapter.
Amended by Act 2019, No. 315,§ 2984, eff. 7/24/2019.
Acts 2001, No. 1661, § 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 20 - MANUFACTURER'S INVESTMENT TAX CREDIT ACT (§§ 26-51-2001 — 26-51-2007) › Section 26-51-2007 - Availability

(a)
The state income tax credit provided by this subchapter shall not be claimed on any income tax return filed or required by law to be filed prior to July 1, 2003.
(b)
State income tax credits arising under this subchapter that but for the provisions of this section would be available to be claimed on an income tax return required to be filed before July 1, 2003, shall first be available on income tax returns due after July 1, 2003, and shall be subject to the same carryover provisions for unused credits as otherwise provided in this subchapter.
Acts 2001, No. 1661, § 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 21 - GIFT OF LIFE ACT (§§ 26-51-2101 — 26-51-2103) › Section 26-51-2101 - Title

This subchapter shall be known as and may be cited as the "Gift of Life Act".
Acts 2005, No. 668, § 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 21 - GIFT OF LIFE ACT (§§ 26-51-2101 — 26-51-2103) › Section 26-51-2102 - Legislative findings and intent

The General Assembly finds that organ donation is a courageous, admirable, and vital demonstration of one's commitment to the value of human life and, in many instances, is necessary for the preservation of life itself.
Acts 2005, No. 668, § 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 21 - GIFT OF LIFE ACT (§§ 26-51-2101 — 26-51-2103) › Section 26-51-2103 - Income tax deduction for human organ donation - Definition

(a)
As used in this section, "human organ" means all or part of a human's liver, pancreas, kidney, intestine, lung, or bone marrow.
(b)
In computing net income, a taxpayer may deduct up to ten thousand dollars ($10,000) if, while living, the taxpayer or the taxpayer's dependent who is claimed under §
26-51-501
, donates one (1) or more of his or her human organs to another human for human organ transplantation.
(c)
A deduction that is claimed under subsection (b) of this section may only be claimed in the taxable year in which the human organ transplantation occurs.
(d)
(1)
A taxpayer may claim the deduction under subsection (b) of this section only one (1) time in his or her lifetime.
(2)
The deduction may be claimed for only the following unreimbursed expenses that are incurred by the taxpayer and are related to the human organ donation of the taxpayer or the taxpayer's dependent:
(A)
Travel expenses;
(B)
Lodging expenses;
(C)
Lost wages; and
(D)
Medical expenses.
Acts 2005, No. 668, § 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 26-51-2201 - Title

This subchapter shall be known and may be cited as the "Arkansas Historic Rehabilitation Income Tax Credit Act".
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 26-51-2202 - Purpose

The purpose of this subchapter is to encourage economic development and community revitalization within existing state and federal infrastructure by providing an income tax credit to promote the rehabilitation of historic structures throughout Arkansas.
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 26-51-2203 - Definitions

As used in this subchapter:
(1)
"Arkansas historic rehabilitation income tax credit" means an income tax credit against the income tax imposed by the Income Tax Act of 1929, §
26-51-101
et seq., and the premium tax levied under §§
26-57-601
-
26-57-605
that includes:
(A)
An income tax credit for an income-producing property that qualifies for a federal rehabilitation tax credit; and
(B)
An income tax credit for a nonincome-producing property;
(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 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 is:
(A)
Income-producing property that:
(i)
Qualifies as a certified historic structure under
26 U.S.C. § 47
, as it existed on January 1, 2009; or
(ii)
Will qualify as a certified historic structure following certified rehabilitation; or
(B)
Nonincome-producing property that is:
(i)
Listed in the National Register of Historic Places;
(ii)
Designated as contributing to a district listed in the National Register of Historic Places; or
(iii)
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 as 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 the Income Tax Act of 1929, §
26-51-101
et seq.; 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 historic rehabilitation income tax credit.
Amended by Act 2019, No. 910,§ 5711, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 5710, eff. 7/1/2019.
Amended by Act 2015, No. 567,§ 1, eff. 3/20/2015.
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 26-51-2206 - Fees

(a)
(1)
The Division of Arkansas Heritage may charge a fee to process:
(A)
An application for an Arkansas historic rehabilitation income tax credit; and
(B)
A request to record transfers of interests in an Arkansas 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 two and five-tenths percent (2.5%) of the amount of the Arkansas historic rehabilitation income tax credit applied for or seventy-five hundredths percent (0.75%) of the amount of the Arkansas historic rehabilitation income tax credit transferred, whichever is less.
(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, including without limitation the funding of personnel costs expended by the division for the administration of this subchapter.
Amended by Act 2021, No. 840,§ 2, eff. 7/28/2021.
Amended by Act 2019, No. 910,§ 5716, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 5715, eff. 7/1/2019.
Acts 2009, No. 498, § 1.