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Arkansas Legislation Would Increase State HTC Cap, Extend Sunset Date
The Arkansas state historic tax credit (HTC) would increase its annual allocation and be extended by 10 years under legislation introduced in the state House of Representatives. H.B. 1555 would increase the annual cap on the state HTC from $4 million to $10 million and would extend the sunset date from Dec. 31, 2027, to Dec. 31, 2037.
The Novogradac Historic Rehabilitation Handbook provides an overview of the HTC and delves into the intricacies of the state and federal incentive.