- (a) The Arkansas Historic Rehabilitation Income Tax Credit Act, Arkansas Code § 26-51-2201 et seq., (Acts 2009, No. 498) allows a credit against the tax imposed by the Income Tax Act of 1929, Arkansas Code § 26-51-101 et seq., and the premium tax levied under Arkansas Code §§ 26-57-603 – 26-57-605 for any taxpayer engaged in the qualified rehabilitation of certified historic structures.
(b) Acts 2015, No. 567, effective March 24, 2015:
- (1) Limited the credit to one (1) credit per eligible property per twenty-four-month period; and
- (2) Extended the program to December 31, 2027.