{"data":{"id":"us-ar/ark.-code-ann.-15-5-1407","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 15-5-1407","heading":"Registration of tax credits","body":"(a) The Arkansas Development Finance Authority, in conjunction with the Revenue Division of the Department of Finance and Administration, shall develop a system for registration of all tax credits claimed under this subchapter. (b) The system shall verify that any: (1) Tax credit claimed upon a tax return is valid and properly taken in the year of claim; and (2) Transfer of the tax credit is made in accordance with the requirements of this subchapter. Acts 2001, No. 1791, § 7.\n\n(a) The Arkansas Development Finance Authority, in conjunction with the Revenue Division of the Department of Finance and Administration, shall develop a system for registration of all tax credits claimed under this subchapter.\n\n(b) The system shall verify that any: (1) Tax credit claimed upon a tax return is valid and properly taken in the year of claim; and (2) Transfer of the tax credit is made in accordance with the requirements of this subchapter.\n\n(1) Tax credit claimed upon a tax return is valid and properly taken in the year of claim; and\n\n(2) Transfer of the tax credit is made in accordance with the requirements of this subchapter.","path":["AR Code","Title 15","Chapter 5","Subchapter 14"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"732dce4e21c9701adba2892b3ad44ba34027e4de3d90a72ecf92536a19fe461f","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-15-5-1406","next":"us-ar/ark.-code-ann.-15-5-1408"},"notice":"GroundRules: Original legal text. Not legal advice."}