26 CAR § 251-105 – Application period

(a)
1. (1) The Division of Arkansas Heritage shall accept applications for the Arkansas major historic rehabilitation income tax credit beginning July 1, 2020, and ending June 30, 2025.
2. (2) All tax credit projects must have their completed Part 3 application submitted by May 30, 2030.
3. (3) Any additional work required to bring the project into compliance with the United States Secretary of the Interior's Standards for the Treatment of Historic Properties with Guidelines for Preserving, Rehabilitating, Restoring, and Reconstructing Historic Buildings must have been completed and final documentation submitted for review no later than May 30, 2030.
(b) An Arkansas major historic rehabilitation income tax credit approved under an application on or before the June 30, 2030, date may be carried forward to be claimed up to five (5) years from the date of issue of the certificate.