{"data":{"id":"us-ar/ark.-code-ann.-26-51-1701","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 26-51-1701","heading":"Definitions","body":"As used in this subchapter, unless the context clearly requires otherwise:\n\n(1) \"Authority\" means the Arkansas Development Finance Authority, or its successor agency;\n\n(2) \"Eligibility statement\" means a statement authorized and issued by the authority certifying that a given project qualifies for the Arkansas low-income housing tax credit. The authority shall promulgate rules establishing criteria upon which the eligibility statements will be issued. The eligibility statement shall specify the amount of the Arkansas low-income housing tax credit allowed;\n\n(3) \"Federal low-income housing tax credit\" means the federal tax credit as provided in 26 U.S.C. § 42 , as amended;\n\n(4) \"Qualified project\" means a qualified low-income building as that term is defined in 26 U.S.C. § 42 , as amended, which is located in Arkansas; and\n\n(5) \"Taxpayer\" means a person, firm or corporation subject to the state income tax imposed by provisions of §§ 26-51-101 - 26-51-1510 , or an insurance company paying an annual tax on its gross premium receipts in this state, or a financial institution paying income taxes to the State of Arkansas.","path":["AR Code","Title 26","Chapter 51","Subchapter 17"],"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":"61bea4b9f4ca02f7b4cb4fac428668cea40d5c8bb7a2be92d8593efdf8b7f775","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-26-51-1606","next":"us-ar/ark.-code-ann.-26-51-1702"},"notice":"GroundRules: Original legal text. Not legal advice."}