- (a) With the exception of an applicant applying for tax credit for installation of a water measuring or metering device, only project costs incurred after issuance of a certificate of tax credit approval shall be claimed for tax credit.
- (b) All projects must be completed within the deadline set in Arkansas Code § 26-51-1011(c)(1).
(c) If an approved applicant does not complete a project within the deadline set in Arkansas Code § 26-51-1011(c)(1):
- (1) All credits claimed must be repaid to the Department of Finance and Administration; and
- (2) The project will be disallowed as a project for tax credit purposes.