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.
Ark. Code Ann. § 26-51-2202
Purpose
Applied in 1 court decision — leading case STATE OF ARKANSAS, DEPARTMENT OF FINANCE AND ADMINiSTRATION v. KIT WILSON AND JOLE WILSON (2024)
Most recently applied in STATE OF ARKANSAS, DEPARTMENT OF FINANCE AND ADMINiSTRATION v. KIT WILSON AND JOLE WILSON (March 2024)
Acts 2009, No. 498, § 1.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.