26 CAR § 261-302. Project completion

(a) With the exception of an applicant applying for tax credit for installation of a water measuring or metering device, only project costs incurred after issuance of a certificate of tax credit approval shall be claimed for tax credit. (b) All projects must be completed within the deadline set in Arkansas Code § 26-51-1011(c)(1). (c) If an approved applicant does not complete a project within the deadline set in Arkansas Code § 26-51-1011(c)(1): (1) All credits claimed must be repaid to the Department of Finance and Administration; and (2) The project will be disallowed as a project for tax credit purposes.