Arkansas Code Title 26, Subtitle 5, Chapter 51, Subchapter 20 - Manufacturer's Investment Tax Credit Act

• § 26-51-2001 - Title.
  This subchapter may be known and cited as the "Manufacturer's Investment Tax Credit Act".
• § 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...
• § 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...
• § 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...
• § 26-51-2005 - Qualification and Determination of Credit.
  (a) (1) In order to qualify for and receive the credits afforded by this subchapter, any eligible business undertaking a project shall submit a...
• § 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...
• § 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...

Last modified: November 15, 2016