1.15 Ark. Code R. 4-1224

Current through Register Vol. 49, No. 10, October, 2024

Rule 1.15-4-1224 - Income Tax Credit

The original purchaser of common stock in a County or Regional Industrial Development Corporation shall be entitled to a credit against any Arkansas income tax liability that the purchaser may have. The credit shall be determined as follows:

Example:

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1.15 Ark. Code R. 4-1224