Arkansas Law Conforms State to Federal Tax Code OZ Provisions

Tuesday, February 26, 2019 - 11:30AM

Legislation to conform Arkansas’ state tax code to the federal opportunity zones (OZ) incentive became law today after Gov. Asa Hutchinson took no action for five days following the bill’s delivery to his desk. SB 196 mirrors the federal provisions for capital gains while calculating state income tax liability.

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