Groundwater Conservation Tax Credit Approval Application - Arkansas

Groundwater Conservation Tax Credit Approval Application - Arkansas

Groundwater Conservation Tax Credit Approval Application is a legal document that was released by the Arkansas Agriculture Department - a government authority operating within Arkansas.

FAQ

Q: What is the Groundwater Conservation Tax Credit Approval Application?
A: The Groundwater Conservation Tax Credit Approval Application is a form used in Arkansas to apply for a tax credit related to groundwater conservation.

Q: Who can apply for the Groundwater Conservation Tax Credit?
A: Individuals, corporations, partnerships, and other entities that have incurred costs for developing or implementing groundwater conservation projects in Arkansas can apply for the tax credit.

Q: What is the purpose of the tax credit?
A: The tax credit aims to incentivize and promote groundwater conservation efforts in Arkansas by providing financial relief to individuals and entities that invest in such projects.

Q: What costs are eligible for the tax credit?
A: Costs related to the development, construction, installation, operation, management, or maintenance of groundwater conservation projects in Arkansas are eligible for the tax credit.

Q: How much tax credit can be received through the application?
A: The tax credit can amount to 50% of the total eligible costs, up to a maximum of $250,000 per taxpayer per year.

Q: What documentation is required to submit with the application?
A: Applicants need to provide detailed project information, including a description of the project, its location, the estimated cost breakdown, and any supporting documentation or receipts.

Q: How can I submit the Groundwater Conservation Tax Credit Approval Application?
A: The application can be submitted by mail or in-person to the Arkansas Department of Finance and Administration, Office of Excise Tax Administration.

Q: Is there a deadline for submitting the application?
A: Yes, the application must be submitted by the taxpayer within 4 years from the date that the costs were incurred.

ADVERTISEMENT

Form Details:

  • The latest edition currently provided by the Arkansas Agriculture Department;
  • Ready to use and print;
  • Easy to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of the form by clicking the link below or browse more documents and templates provided by the Arkansas Agriculture Department.

Download Groundwater Conservation Tax Credit Approval Application - Arkansas

4.7 of 5 (6 votes)
  • Groundwater Conservation Tax Credit Approval Application - Arkansas

    1

  • Groundwater Conservation Tax Credit Approval Application - Arkansas, Page 2

    2

  • Groundwater Conservation Tax Credit Approval Application - Arkansas, Page 3

    3

  • Groundwater Conservation Tax Credit Approval Application - Arkansas, Page 4

    4

  • Groundwater Conservation Tax Credit Approval Application - Arkansas, Page 1
  • Groundwater Conservation Tax Credit Approval Application - Arkansas, Page 2
  • Groundwater Conservation Tax Credit Approval Application - Arkansas, Page 3
  • Groundwater Conservation Tax Credit Approval Application - Arkansas, Page 4
Prev 1 2 3 4 Next
ADVERTISEMENT

Related Documents