Arkansas § 15-4-3604 - Transferability.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-4-3604 — Transferability., with citation guidance and answers to common questions.
§ 15-4-3604. Transferability.
A tax credit claimed under this subchapter shall not be refundable or saleable on the open market. A tax credit earned by a corporation, limited liability company, association, partnership, or other business entity may be allocated to the partners, members, or shareholders of the corporation, limited liability company, association, partnership, or other business entity for their direct use in accordance with any agreement among the partners, members, or shareholders. An allocation under subdivision (b)(1) of this section: May occur after the issuance of a qualified equity investment; and Is not a sale for purposes of this subchapter.
Frequently Asked Questions About Arkansas § 15-4-3604
What does Arkansas Code of 1987 Annotated § 15-4-3604 cover?
Section 15-4-3604 ("Transferability.") 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 § 15-4-3604?
A common citation format is "Arkansas Code of 1987 Annotated § 15-4-3604" (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 § 15-4-3604 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.