(a) The Arkansas Development Finance Authority, in conjunction with the Revenue Division of the Department of Finance and Administration, shall develop a system for registration of all tax credits claimed under this subchapter.
(b) The system shall verify that any:
(1) Tax credit claimed upon a tax return is valid and properly taken in the year of claim; and
(2) Transfer of the tax credit is made in accordance with the requirements of this subchapter.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally
Chapter 5 - Arkansas Development Finance Authority
Subchapter 14 - Venture Capital Investment Act of 2001
§ 15-5-1404. Designated investor group
§ 15-5-1407. Registration of tax credits
§ 15-5-1409. Powers of the Arkansas Development Finance Authority
§ 15-5-1410. Legislative findings
§ 15-5-1411. Creation of the Arkansas Venture Capital Development Fund
§ 15-5-1412. Eligibility for financial assistance — Limitation
§ 15-5-1413. Funding of Arkansas Venture Capital Development Fund
§ 15-5-1416. Powers of the trustees of the Venture Capital Investment Trust