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AR HB1546

Bill

Official Source

Status

Passed

3/20/2019

Primary Sponsor

Les Eaves

Click for details

Origin

House of Representatives

92nd General Assembly (2019 Regular)

AI Summary

  • Amends Arkansas Code § 15-4-3305(g) to modify provisions governing the sale of equity investment incentive tax credits

  • Allows original investors to sell tax credits only one time, either in whole or in part

  • Permits the sale of tax credits at any time before the tax credit is exhausted or expires

  • Requires that any unsold balance of tax credits be used by the original investor within the time frame allowed under the subchapter

  • Approved March 20, 2019

Legislative Description

To Amend The Equity Investment Incentive Act Of 2007; And To Clarify The Time Period During Which A Tax Credit Under The Equity Investment Incentive Act Of 2007 May Be Sold.

Last Action

Notification that HB1546 is now Act 537

3/20/2019

Committee Referrals

Agriculture, Forestry and Economic Development3/5/2019
Agriculture, Forestry and Economic Development2/21/2019

Full Bill Text

No bill text available