Arkansas Low Income Housing Tax Credit

Arkansas Low Income Housing Tax Credit

  • Applicable against the Arkansas corporate income tax, insurance premium tax, and personal income tax.
  • May offset 100% of corporate income tax liability.
  • May offset 100% of premium tax liability.
  • Excess credits carryforward up to five years. No carryback.
  • Credits are subject to federal recapture.
  • The credit is limited to $250,000 in any tax year.
  • The credit may be sold or transferred with the approval of the Director of the Department of Finance and Administration.