Arkansas § 15-4-2803 - Tax credit for biodiesel suppliers.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-4-2803 — Tax credit for biodiesel suppliers., with citation guidance and answers to common questions.
§ 15-4-2803. Tax credit for biodiesel suppliers.
There shall be allowed a credit against the income tax imposed by the Income Tax Act of 1929, § 26-51-101 et seq., in an amount as determined in subsection (b) of this section to a biodiesel supplier for the cost of the facilities and equipment used directly in the wholesale or retail distribution of biodiesel fuels. The amount of the credit allowed shall be equal to five percent (5%) of the cost of the facilities and equipment. The costs of service contracts, sales tax, or acquisition of undeveloped land shall not be included in determining the amount of the credit. No income tax credit shall be claimed by a supplier for any facility or equipment that is in use on or before the certification of the company for tax credits or for which a tax credit was previously claimed by a supplier for any other tax year. The provisions of this subsection shall not apply if any entity is sold and the entity is entitled to an income tax credit under this subchapter. The tax credit provided in subsection (b) of this section may be carried forward for a period not to exceed three (3) years.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-4-2803
What does Arkansas Code of 1987 Annotated § 15-4-2803 cover?
Section 15-4-2803 ("Tax credit for biodiesel suppliers.") 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 § 15-4-2803?
A common citation format is "Arkansas Code of 1987 Annotated § 15-4-2803" (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 § 15-4-2803 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.