(a)
- (1) The fee for review of a proposed rehabilitation project (Part 2) is fifty dollars ($50.00).
- (2) This initial review fee is nonrefundable.
- (b) The fee for review of a completed rehabilitation project (Part 3) for a nonincome-producing property is one hundred fifty dollars ($150).
(c)
- (1) The fees for reviewing a completed rehabilitation project (Part 3) for an income-producing property are based on the dollar amount of the costs attributed solely to the qualified rehabilitation expenses on the eligible structure, in accordance with the schedule below. Fee Size of rehabilitation $150 $25,000 to $99,999 $400 $100,000 or more
- (2) The initial fee of fifty dollars ($50.00) will be deducted from these fees.
- (3) The balance shall be paid by the applicant upon submission of the Part 3 application.
- (4) No certificate of completion shall be issued until the balance due has been paid.
- (d) The fee for perfecting the transfer of an unused tax credit, in whole or in part, is seventy-five-hundredths percent (0.75%) of the amount of tax credit to be transferred.
- (e) All fees collected will be deposited into the Arkansas Historic Preservation Program’s cash funds and may be used for the administration of the Arkansas Historic Rehabilitation Income Tax Credit Act, Arkansas Code § 26-51-2201 et seq.