Form Ar1020 Bic - Business And Incentive Tax Credits Summary Schedule (Page 2 of 4) in pdf

C. SURFACE WATER CONVERSION WITHIN CRITICAL AREAS

7. Total credit available (balance not expired or used)……………………………………

7. ___________

8. Credit Claimed this tax year……………………………………………………..........

8. ___________

IMPORTANT: The original “Certificate of Tax Credit Approval “or “Certificate of Tax Credit Completion” must be attached to the

return for the year in which the credit was established for each project. Credit shall not exceed $9,000 for projects approved before August

1, 1997 or using water for agricultural or recreational purposes. Credits earned from a project for industrial or commercial purposes that

is located in critical groundwater areas may be used in an amount up to thirty thousand dollars ($30,000) per project for projects approved

on or after August 1, 1997 and two hundred thousand dollars ($200,000) for projects approved on or after January 1, 1999. Any unused

credit may be carried forward for the next 2 succeeding tax years for projects using water for agricultural or recreational purposes. For

projects approved on or after August 1, 1997 and using water for industrial or commercial purposes, any unused credit may be carried

forward for a maximum of the next four (4) succeeding tax years.

(PART 3) PRIVATE WETLAND/RIPARIAN ZONE CREATION AND RESTORATION INCENTIVE

(ACT 561 of 1995) (ACA 26-51-1505)

9. Total credit available (balance not expired or used)……………………..……………

9.___________

10. Credit Claimed this tax year ………………………………………………………….. 10.___________

IMPORTANT: The original “Certificate of Tax Credit Approval “or “Certificate of Tax Credit Completion” must be attached to the

return for the year in which the credit was established for each project. The amount of credit used for any taxable year shall not exceed

five thousand dollars ($5,000) per project and may be carried over for a maximum of nine (9) consecutive taxable years following the

taxable year in which the credit originated.

(PART 4) WASTE REDUCTION AND RECYCLING EQUIPMENT CREDIT

(ACT 654 of 1993) (ACA 26-51-506)

11. Total credit available (balance not expired or used)…………………………………..

11.____________

12. Credit Claimed this tax year…………………………………………………………... 12.____________

IMPORTANT: The original Certificate of Tax Credit must be attached to the return for the year in which the credit was established. Any

unused credits may be carried forward for a maximum of three (3) consecutive tax years. Note: Only companies that have been approved by

the Arkansas Department of Environmental Quality may be eligible to earn this credit. The credit may be used by the partners or Sub-S

shareholders as determined by the percentage of ownership.

(PART 5) ARKANSAS CAPITAL DEVELOPMENT COMPANY CREDIT

(ACT 860 of 2003) (ACA 15-4-1026)

Date Common Stock Purchased_______________

Cost $___________

13. Total credit available (balance not expired or used)………………………………….

13.___________

14. Credit Claimed this tax year………………………………………………………….

14.___________

IMPORTANT: The original Certificate Statement issued must be attached to the return for the year in which the credit was established.

Any unused credits may be carried forward for a maximum of eight (8) consecutive tax years.

(PART 6) COUNTY INDUSTRIAL DEVELOPMENT CORPORATION CREDIT

(ACTS 363 & 1044 of 1995) (ACA 15-4-1224)

Date Common Stock Purchased_______________

Cost $____________

15. Total credit available (balance not expired or used)…………………………………..

15._____________

16. Credit Claimed this tax year…………………………………………………………..

16._____________

IMPORTANT: The original Certificate Statement issued must be attached to the return for the year in which the credit was established.

Any unused credits may be carried forward for a maximum of three (3) consecutive tax years.

Revised January 2009

Form Ar1020 Bic - Business And Incentive Tax Credits Summary Schedule Page 2

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