(a) An entity claiming a tax credit under this subchapter is not required to pay any additional retaliatory tax levied under § 23-63-102 as a result of claiming the tax credit.
(b) In addition to the exclusion in subsection (a) of this section, it is the intent of this subchapter that an entity claiming a tax credit under this subchapter is not required to pay any additional tax that may arise as a result of claiming the tax credit.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally
Chapter 4 - Development Of Business And Industry Generally
Subchapter 36 - New Markets Jobs Act of 2013
§ 15-4-3603. New market tax credit
§ 15-4-3605. Certification of qualified equity investments
§ 15-4-3608. Cure period — Notice of noncompliance
§ 15-4-3609. Refundable performance fee