Arkansas § 13-15-302 - Income tax credit for approved art project.
Full text of Arkansas Arkansas Code of 1987 Annotated § 13-15-302 — Income tax credit for approved art project., with citation guidance and answers to common questions.
§ 13-15-302. Income tax credit for approved art project.
There is allowed an income tax credit against the income tax imposed by the Income Tax Act of 1929, § 26-51-101 et seq., in an amount equal to the lesser of one hundred percent (100%) of the total qualified expenses stated in a certificate of completion issued by the Arkansas Delta Music Commission under § 13-15-303 or twenty-five thousand dollars ($25,000). The amount of the income tax credit under this section that may be claimed by the taxpayer in a tax year shall not exceed the amount of income tax due by the taxpayer. Any unused income tax credit under this section may be carried forward for five (5) consecutive tax years following the tax year in which the income tax credit was earned.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 13-15-302
What does Arkansas Code of 1987 Annotated § 13-15-302 cover?
Section 13-15-302 ("Income tax credit for approved art project.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 13-15-302?
A common citation format is "Arkansas Code of 1987 Annotated § 13-15-302" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 13-15-302 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.