{"data":{"id":"us-ar/ark.-code-ann.-26-51-1004","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 26-51-1004","heading":"Applicability - Effective date","body":"(a) The tax credits provided by this subchapter shall apply to taxable years beginning on or after January 1, 1996, and all taxable years thereafter.\n\n(b) Any approved applicant claiming a tax credit under this subchapter may not claim a credit under any similar act for any costs related to the same project.\n\n(c) Any tax credit issued to an approved applicant that is a partnership, a limited liability company taxed as a partnership, a Subchapter S corporation, or a fiduciary shall be passed through to the partners, members, or owners, respectively, on a pro rata basis or pursuant to an executed agreement between or among the partners, members, or owners documenting an alternative method for the distribution of the tax credit.","path":["AR Code","Title 26","Chapter 51","Subchapter 10"],"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":"bcc80e0b4ba1e74c52ad567a34878b1965de55fb143359fed68b8ebe34954179","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-26-51-1003","next":"us-ar/ark.-code-ann.-26-51-1005"},"notice":"GroundRules: Original legal text. Not legal advice."}