AR HB1802

Expands the definition of "project" under the Water Resource Conservation and Development Incentives Act to include purchase and installation of equipment, devices, hardware, software, data systems, or services for more efficient irrigation water use.

Treats installation of irrigation efficiency equipment as a conversion from groundwater to surface water for tax credit purposes.

Increases tax credit limits from 10% to 25% of project costs (maximum $27,000) for surface water conversion projects and land leveling for water conservation.

Modifies the $10,000,000 annual threshold by clarifying that tax credits become unavailable for new projects for one calendar year when the threshold is exceeded, rather than expiring entirely.

Effective for tax years beginning on or after January 1, 2015.