Ark. Code Ann. § 26-51-2206: Fees

(a) (1) The Division of Arkansas Heritage may charge a fee to process: (A) An application for an Arkansas historic rehabilitation income tax credit; and (B) A request to record transfers of interests in an Arkansas historic rehabilitation income tax credit to other holders. (2) The fee for processing an application for an Arkansas historic rehabilitation income tax credit shall not exceed two and five-tenths percent (2.5%) of the amount of the Arkansas historic rehabilitation income tax credit applied for or seventy-five hundredths percent (0.75%) of the amount of the Arkansas historic rehabilitation income tax credit transferred, whichever is less. (b) A fee collected under this subchapter by the division shall be considered cash funds of the division and shall be used for the administration of this subchapter, including without limitation the funding of personnel costs expended by the division for the administration of this subchapter. Amended by Act 2021, No. 840,§ 2, eff. 7/28/2021. Amended by Act 2019, No. 910,§ 5716, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 5715, eff. 7/1/2019. Acts 2009, No. 498, § 1.

(a) (1) The Division of Arkansas Heritage may charge a fee to process: (A) An application for an Arkansas historic rehabilitation income tax credit; and (B) A request to record transfers of interests in an Arkansas historic rehabilitation income tax credit to other holders. (2) The fee for processing an application for an Arkansas historic rehabilitation income tax credit shall not exceed two and five-tenths percent (2.5%) of the amount of the Arkansas historic rehabilitation income tax credit applied for or seventy-five hundredths percent (0.75%) of the amount of the Arkansas historic rehabilitation income tax credit transferred, whichever is less.

(1) The Division of Arkansas Heritage may charge a fee to process: (A) An application for an Arkansas historic rehabilitation income tax credit; and (B) A request to record transfers of interests in an Arkansas historic rehabilitation income tax credit to other holders.

(A) An application for an Arkansas historic rehabilitation income tax credit; and

(B) A request to record transfers of interests in an Arkansas historic rehabilitation income tax credit to other holders.

(2) The fee for processing an application for an Arkansas historic rehabilitation income tax credit shall not exceed two and five-tenths percent (2.5%) of the amount of the Arkansas historic rehabilitation income tax credit applied for or seventy-five hundredths percent (0.75%) of the amount of the Arkansas historic rehabilitation income tax credit transferred, whichever is less.

(b) A fee collected under this subchapter by the division shall be considered cash funds of the division and shall be used for the administration of this subchapter, including without limitation the funding of personnel costs expended by the division for the administration of this subchapter.