Arkansas Code Title 15, Subtitle 1, Chapter 5, Subchapter 13 - Affordable Neighborhood Housing Tax Credit Act of 1997

• § 15-5-1301 - Title.
  This subchapter shall be known and may be cited as the "Affordable Neighborhood Housing Tax Credit Act of 1997".
• § 15-5-1302 - Definitions.
  As used in this subchapter: (1) "Affordable housing assistance activities" means money, real, or personal property expended or devoted to the construction or rehabilitation...
• § 15-5-1303 - Affordable Housing Assistance Activities and Affordable Housing Units -- Business Firms Proposing to Provide -- Procedure for Approval and Tax Credit.
  (a) Any business firm which engages in providing affordable housing assistance activities in the State of Arkansas shall receive a tax credit as provided...
• § 15-5-1304 - Tax Credits Authorized -- Amount Allowed Annually -- Exceeded When -- Upper Limits Set -- Carryover Permitted.
  (a) (1) For proposals approved under § 15-5-1303, the amount of the tax credit shall not exceed thirty percent (30%) of the total amount...
• § 15-5-1305 - Rules and Regulations.
  The Director of the Department of Finance and Administration and the Arkansas Development Finance Authority shall promulgate rules and regulations necessary to administer the...

Last modified: November 15, 2016