006.05.202-14. Transfer of Income Tax Credits as Corporate Assets
AR ADC 006.05.202-14Arkansas Administrative Code
Ark. Admin. Code 006.05.202-14
006.05.202-14. Transfer of Income Tax Credits as Corporate Assets
When a firm certified as eligible to receive income tax credits under the provisions of this program, sells its assets or otherwise transfers its proprietary interest to any other person, association, corporation or other ownership, the unused income tax credits earned by the selling firm may be transferred to the new owner only if the Revenue Division of the Department of Finance and Administration is notified prior to the transaction, and:
Current with amendments received through August 15, 2023. Some sections may be more current, see credit for details.
Ark. Admin. Code 006.05.202-14, AR ADC 006.05.202-14
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