Arkansas Code Title 26, Subtitle 5, Chapter 51, Subchapter 11 - Donations or Sales of Equipment to Educational Institutions

• § 26-51-1101 - Definitions.
  As used in this subchapter: (1) "Accredited institution of higher education" means a four-year public college or university that offers bachelor's degrees and is...
• § 26-51-1102 - Credit Granted.
  (a) (1) There is granted a credit against a taxpayer's Arkansas corporate income tax or Arkansas individual income tax for donations by any taxpayer...
• § 26-51-1103 - Limit on Total Credit.
  (a) Total credits for qualified research expenditures, donations, and sales under this subchapter shall be allowed up to one hundred percent (100%) of the...
• § 26-51-1104 - Documentation Required.
  (a) To claim the credit granted by § 26-51-1102, the taxpayer must provide the following for each piece of machinery and equipment donated or...
• § 26-51-1105 - Rules and Regulations.
  The Director of the Department of Finance and Administration, the Director of the Department of Higher Education, the Director of the Department of Career...

Last modified: November 15, 2016