- (a) The Arkansas Private Wetland and Riparian Zone Creation, Restoration, and Conservation Tax Credits Act, Arkansas Code § 26-51-1501 et seq., allows a wetlands and riparian zone creation and restoration tax credit against the tax imposed by the Income Tax Act of 1929, Arkansas Code § 26-51-101 et seq., for any taxpayer engaged in the development or restoration of wetlands and riparian zones.
- (b) The same act also allows a wetland and riparian zone conservation tax credit against the tax imposed by the Income Tax Act of 1929 for any eligible donor who donates a qualified real property interest for a qualified conservation purpose to an eligible donee.