Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
1998-1 - Comprehensive Corporation Income Tax Regulations
Rule 15-4-1224 - COUNTY AND REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION ACT
Rule 1.15-4-1224 - Income Tax Credit
Universal Citation: AR Admin Rules 1.15-4-1224
Current through Register Vol. 49, No. 9, September, 2024
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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