(a) Any unused tax credit under the Arkansas Private Wetland and Riparian Zone Creation, Restoration, and Conservation Tax Credits Act, Arkansas Code § 26-51-1501 et seq.:
- (1) Shall survive the death of an individual taxpayer; and
- (2) May be used by the individual taxpayer’s estate.
- (b) Tax credits may only be used by a taxpayer certified to earn a tax credit to offset the taxpayer’s state income tax liability and are nontransferable.